Money talks

[timelets]

In August, Republican megadonor and casino magnate Sheldon Adelson called Mr. Trump to drive home a political and economic warning about the U.S.-China tariff escalation he had previously delivered in person.
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The Oct. 8 briefing, which came two days before trade talks between senior U.S. and Chinese officials, was arranged by Larry Kudlow, the director of the White House National Economic Council. The meeting included Stephen Moore, an economic commentator and a former candidate for the Federal Reserve Board, and Republican economist Lawrence Lindsey, the people said.

“There was a general consensus that the economy was really strong, the best economy we’ve had in 30 years, and that what’s going to get him re-elected is the economy,” said Mr. Moore, who advised Mr. Trump during his 2016 campaign.

But “we all agreed that the uncertainty about the trade situation with China is a negative,” Mr. Moore said.

https://www.wsj.com/articles/top-economic-advisers-warned-trump-on-tariffs-before-china-truce-11571391006

Three days later we had a "tremendous" deal that postponed the tariffs.

Comments

[timelets]

They already got a huge windfall through the tax reform, both on revenue and profit repatriation.