Bloody yo-yo

Trump, in a post on Truth Social Oct. 12, suggested the situation with China will work out. "Don’t worry about China, it will all be fine! Highly respected President Xi just had a bad moment. He doesn’t want Depression for his country, and neither do I. The U.S.A. wants to help China, not hurt it!!!" the president wrote.

Treasury Secretary Scott Bessent said he expects President Donald Trump and Chinese President Xi Jinping to still meet in October after Trump threatened to skip their meeting and impose massive tariffs on Beijing in retaliation to new Chinese export controls.

Bessent said Oct. 13 that the Trump administration and China had "substantial communication" over the weekend after Trump threatened to impose a new 100% tariff on imports from China that would take effect Nov. 1.

And the market gave back today what Trumps mouthing off caused on Friday.

Jeff

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