Are markets getting used to Trump tactics?

Since the start of his presidency, Donald Trump has made it his mission to be the great disruptor.

He despises the political establishment in Washington, so his response has been to attack it and ignore it. He also despises trade deals that he believes have compromised US interests and influence through consensus negotiations. His response? Rip them up and bully his opponent to the table on his terms. All potentially very worrying. But is this genuine disruption or simply something we, and the markets, need to get used to?

At the end of last year, the noise coming from Trump’s administration was outwardly very worrying for investors. Trump and co had apparently lined up trade wars with the US’ largest trading partners, China and the European Union, and an actual war with North Korea’s “rocket man”.

Skip forward to now, and Trump has announced he’s sending a delegation to China in search of a trade deal, has given his blessing to an end to the war between the two Koreas and spent last week buddying up to French president Emmanuel Macron – the English-speaking critic of virtually all of his foreign policies. Not the results we expected from this most un-establishment of presidents.

There is a pattern to all of this, and instead of being disruptive, it’s predictable. Trump now notes his team have “a very good chance of making a deal” with his “friend” Xi Jinping’s government in Beijing.

After weeks of tit-for-tat unilateral measures between the world’s two largest trading nations – with hundreds of billions of dollars’ worth of tariffs being threatened – the meeting will be the most substantial step forward we’ve seen since Trump took office. For all the China-focused ire we’ve seen from Trump during and since his presidential campaign, it looks more and more as though his ‘stoking the fire’ tactics are working.

And so, to North Korea, where Trump went as far as to call leader Kim Jong-Un “honourable” and wax lyrical on the prospects for negotiations. A far cry from the button-measuring and “little rocket man” name calling we saw a few months ago.

Click to view all articles for the EPIC:
Or click to view the full company profile:
    Share on facebook
    Facebook
    Share on twitter
    Twitter
    Share on linkedin
    LinkedIn
    Tatton Asset Management Plc

    More articles like this

    Tatton Asset Management Plc

    Tatton Asset Management Final Results presentations

    Tatton Asset Management plc (LON:TAM), the investment management and IFA support services Group, is announcing its audited results for the year ended 31 March 2021 on Tuesday, 15 June 2021. As part of the Group’s wider investor engagement

    Tatton Asset Management Plc

    Tatton Asset Management: Beating all analysts’ forecasts

    What’s new: Full year trading update for Tatton Asset Management plc (LON:TAM) reveals full year results on 15 June will be “ahead of all analysts’ forecasts”. Good momentum has continued into the year to 31 March 2022. 35%

    Tatton Asset Management Plc

    Tatton Asset Management group revenue increased 12.6% to £10.956m

    Tatton Asset Management plc (LON:TAM), the investment management and IFA support services group, has announced its interim results for the six-month period ended 30 September 2020. FINANCIAL HIGHLIGHTS – Group revenue increased 12.6% to £10.956m (Sep 2019: £9.729m) –