Final Thoughts
December 11, 2019
Final Thoughts
Written by John Packard
CNBC reported comments made by White House Economic Advisor Larry Kudlow on Tuesday saying, “The reality is those tariffs are still on the table.” This is in reference to the tweet from President Trump regarding steel from Brazil and Argentina. Steel buyers should be aware that there has not been a presidential proclamation, or anything published in the Federal Register, regarding the “threat” of these tariffs becoming reality.
The other big rumor is there is a possible China deal about to be announced. Again, as trade attorney Lewis Leibowitz put it to me this afternoon, there are only about three people who truly know what is going on with the China negotiations. However, this afternoon, CNBC is reporting that a deal has been made in principle pending President Trump’s approval.
