According to Maria Bartiromo, the young trade war is having more of a negative effect on China than on the U.S. Time will tell, but experts on her program this morning, Tuesday the 19th, believe that the passion of this current trade crisis is cooling off, with expected down turn (that is good) happening by the end of this day,
With all the talk of "trade wars," the over-all affect on our economy, and, specifically, the Market, is minimal. The average man on the street has not be affected at all.
Understand that the "cooling" predictions of the day, are great news for the Administration. If we come out of this with meaningful concessions from our trading partners, score a big win for President Trump.
Update: Turns out that, according Stewart Varney, the Chinese Market has been hurt "much more" than the American Market with Trump threatening another 250 billion in tariffs. Understand that bi-lateral trade imbalance is NOT the primary issue driving the current "war." Rather, it is about China's commitment to stealing our technical secrets.