Moments ago, when reporting that Paul Ryan - and other senior members of Congress - had joined the Tariff Resistance, demanding that Trump kill the proposed steel and alu import tariffs, we quoted Bloomberg"s Michael Regan who remarked that "this is either a strong signal that Trump may end up being talked out of tariffs, or a strong signal that Paul Ryan"s about to get saddled with a new insult-comic nickname from Trump."
Well, it appears that Ryan is about to have a new nickname, because according to flashing red headlines, Trump just said that he won"t be changing his mind.
- TRUMP SAYS NOT BACKING DOWN WHEN ASKED ABOUT RYAN COMMENTS
- TRUMP SAYS HE"S NOT BACKING DOWN ON TRADE
Trump then doubled down - or maybe that"s quadrupled down after all the tweets in the past 3 days - with the following:
- TRUMP THREATENS TO TAX CAR IMPORTS COMING IN `LIKE WATER"
- TRUMP: `I DON"T THINK YOU"RE GOING TO HAVE A TRADE WAR"
- TRUMP SAYS BIGGEST PROBLEM ON TRADE IS CHINA
- TRUMP FINISHES SPEAKING IN MEETING WITH NETANYAHU
So far, the market refuses to react clearly convinced that Trump is, once again, bluffing.
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