The White House is not in the mood for negotiations

CNBC’s Megan Cassella was talking about tariffs and indicated that the messaging from the White House is that there won’t be negotiations on tariffs. The line from the top is that ‘countries had 70 years to negotiate’.

I think she is basing this on comments that have been on CNN and elsewhere but it’s a troubling development if true. It argues that these tariffs aren’t going away, even if other countries drop their tariffs. She specifically mentioned Israel, which dropped all US tariffs to zero earlier this week and still got a 17% rate.

This article was written by Adam Button at www.forexlive.com.