Andrew Ross Sorkin

Most of the time, it works out.

The problem is some of the time, it doesn't.

But as a result, I think there's always this predisposition towards –

there's going to be some semblance of rationality to what will ultimately happen.

And so you have President Trump out there making some grand claim about the tariffs.

The market freaks out because they're like, should I believe him?

Am I supposed to actually listen to his words?

Or am I not?

I mean, this goes, but this happens every day.

And so then you have this sort of back and forth with China.

I'm of the view that ultimately,

I don't know if it's the taco trade or whatever they call it these days, which is Trump always chickens out.

Yeah.

Ultimately, I think he's trying to push it as far as he can push it.

But the truth and maybe it's the only governor thus far, actually, on this presidency has actually been the markets, weirdly enough.

Right.

So when he announced the tariffs back in April, the sort of big shooting the moon plan, the bond market went crazy and he softened his stance.

You know, here we are again.

He's trying to figure out what to do with China.

He softens his stance.