Trade talks extended; Animal spirits back in…

DC is in the midst of a wind storm and after this weekend I am worried the East Wind may be prevailing over the West Wind 东风压倒西风 (See Mao’s 1957 speech). President Trump announced on Twitter that the US-China trade talks will be extended with no increase in existing or addition of new tariffs on the original March 1 deadline. It is not clear why the President didn’t wait to announce this until closer to March 1. We are left waiting for more talks and an expected Trump-Xi meeting at Mar a Lago, likely in the third or fourth week of March.

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