Meredith McGraw
Appearances
WSJ What’s News
China Bets Trump Will Cave on Tariffs
There's definitely been a pattern here where the president announces some sweeping economic policy and it's met with actual turmoil in the markets as investors try to figure out in real time what the president and his advisors have planned. The White House has said this is all part of a negotiation tactic by the president and his advisors.
WSJ What’s News
China Bets Trump Will Cave on Tariffs
After they put the 90-day pause on the tariffs, with the exception of China, they said that's because so many countries were coming to the table and trying to make a deal. And Caroline Leavitt, the White House press secretary, has urged people to have patience. And yet at the same time, we know that the president watches the markets very carefully.
WSJ What’s News
China Bets Trump Will Cave on Tariffs
And we know that he's aware of how economists and even CEOs who have come to the White House have told him that these tariffs are having serious implications or could have serious implications on supply chains, and we've already seen how they've impacted things like consumer confidence.
WSJ What’s News
China Bets Trump Will Cave on Tariffs
The president and the White House basically say they can walk and chew gum at the same time with this, that they're going to be enacting this policy serious realignment of global trade and at the same time, boosting manufacturing and investments here in the US.
WSJ What’s News
China Bets Trump Will Cave on Tariffs
And they point to a lot of the investments that have been already announced by companies that are reshoring different projects or building additional projects in the US. But a lot of these projects can take decades. These deals can take years to make and take a lot of complex negotiations.
WSJ What’s News
China Bets Trump Will Cave on Tariffs
So there are still a lot of outstanding question marks about whether it's possible to do both at the same time.