a list of things for myself that Donald Trump was not dealt a bad hand on China.

Donald Trump dealt himself a bad hand on China.

Okay, so here's one.

He enacted tariffs to threaten the tank the economy, so that creates risk for him.

He backed China into a corner, which every person, every treasurer who have known over 20 years, will tell you the first thing you don't do is back China into a corner, which every person, every treasurer who have known over 20 years,

will tell you the first thing you don't do is back China into a corner.

He made the Fed incapable of responding so the Fed can't help.

He's tanked the markets, the bond of the dollar, and there's no endgame and no plan here.

So five cards, five lousy cards.

He dumped himself a two, three, four, five, seven, all unsuited, essentially, is what he did right there.

So it's a good thing that China has said it's open to negotiations.

But the question becomes, I was trying to think of a metaphor for this, Stephanie.

Tell me if this is the right way to think about it.

The guy stole your wallet and your necklace.

And he says, let's talk about it.

And he says, I'll give you back your wallet.

He said, no, give me back the wallet and the necklace.

And the reason that metaphor may work is because Donald Trump invented these tariffs that he put on China as being commensurate with the tariffs that China put on us. They're not true. He completely

made them up with a formula that we believe Peter Navarro invented. So I don't think, I don't

know that China comes to the table without saying, get rid of this nonsense, and then we'll

talk. I mean, are the markets up too much? Should people be selling if they believe that?

It's irrelevant to me, the daily trading of the stock exchange. It's irrelevant. The Chinese Communist

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