Is it time, or maybe almost time, to give Trump some credit here? Let's say a final trade deal is signed, wherein China agrees to buy far more US products, and tariffs are rolled back to an arguably too high—but not catastrophic—level. More balanced trade with China and no recession. Good outcome?

All these people responding about how this is low are missing a major point: 35% is ridiculously high compared with recent history. All because the idiot in the White House is an idiot.

I think Goldman is underselling Trump’s appetite for destruction. Probably because it is to their financial benefit to do so. Buy on the sugar rush of self-inflicted trade mayhem being miraculously postponed, short on the inevitable crash, when mayhem resumes. Right?