No, Trump didn't "cave" on tariffs — and Xi won't either

To update what I posted on Substack yesterday? (Where we know Trump's list of 50 or 75 or 247 countries that want to talk turkey is a lie?)

Trump did not remove his pre-April tariffs in general.

And, he didn't remove ANY of his tariffs on China.

And, he made clear Thursday morning that the tariff rate on China is now at 145 percent. China, as of yesterday, had fired back up to 84 percent plus blacklisting a number of US companies. And today, Friday? It's gone up to 125 percent. And now, Vietnam is trying to cordon itself off from China. Still won't help the American shoe industry as Vietnam got socked with its own tariffs, though that's among those that have been suspended, for now.

It's why the Dow went back in the tank yesterday morning.

Ergo, contra Mark Ames, who claimed on Shitter Wednesday evening that Trump got rolled, no such thing has happened. Wishing that Schopenhauer's "The World as Will and Idea" were true, as I noted over there with Trump (and Hitler and Stalin) t'aint so means it's not so for Ames, or others thinking along this line.

Add in the fact that House GOP wingnuts squared caved to Trump yesterday only underscores this. 

The likes of Ames should know better on this, too.

Besides, according to his own staff, if he was "semi-rolled," it was the bond market, not the stock market. 

Friday's stock market whipsawed, but many experts said, don't get in if you don't have to.

It will plunge again as Trump'x belief that Chinese president Xi Jinping needs to cave to him by picking up the phone ain't happening. Here's that Dum Fuq saying that "You are proud, but you need to be less proud than me," to read between the lines.

“China wants to make a deal. They just don’t know how quite to go about it,” Trump said on Wednesday during an event at the White House. “You know, it’s one of those things they don’t know quite – They’re proud people.”

To quote Poppy Bush?

Not.Gonna.Happen.