Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Lloyd Blankfein Is A Trade Warrior Now

Courtesy of ZeroHedge. View original post here.

The fallout from the collapse of the trade deal with China has created some unlikely bedfellows among those who have publicly backed President Trump's decision to push for the "great" trade deal that he promised – or walk away.

That dynamic was on full display Wednesday morning when Steve Bannon appeared on CNBC to discuss the importance of Trump's trade fight, and guest host Tom Friedman – yes, that Tom Friedman – said he agreed with the entirety of Bannon's position.

Blank

Even Chuck Schumer has urged Trump not to capitulate and to make sure the US gets the best deal possible. Mitch McConnell, on the other hand, has stuck to somberly reminding the world that a trade war would produce 'no winners'.

Before Bannon's appearance, former Goldman Sachs CEO Lloyd Blankfein, a Wall Street titan whom one might expect to be firmly in the 'free trade' camp, issued a series of tweets where he effectively came out in favor of Trump pressing ahead with more tariffs. He compared the tariffs to a "labor strike" and said they might be an effective negotiating tool.

Furthermore, Blankfein played down the impact on consumers by arguing that Americans might switch their purchases to domestic companies or non-Chinese companies (or at least companies that don't source their products from China).

So that's Trump, Blankfein, Bannon, Kyle Bass, Friedman and Schumer on one side, and most of Congress (including McConnell), Wall Street and the Chamber of Commerce on the other.


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!