And what are some better numbers to you ? There are also secondary effects ...loss of confidence in Trump and his economic team ....which is why you see the $ being sold despite higher interest rates on 10 and 30 yr notes / bonds . As much as Trump changes his mind no one is likely to step forward to fund factories to " re industrialize " the US . OK ...the tariffs on Nike shoes now made in Viet Nam are 47% . Trump scores a big win ( in his mind ) and drops those tariffs to 10% . You really think anyone is now going to build a Nike shoe factory in the US ....which would be 3-4 yrs before being fully operational .
Thought you might be interested in this note out tonight from China's Dept of foreign affairs
Ministry of Foreign Affairs of the PRC:
"We must solemnly tell the US: a tariff-wielding barbarian who attempts to force countries to call and beg for mercy can never expect that call from China."
Watch the $ and bond market for the rest of the week ....could get ,,,what was his word "tippy "