Wall Street Confident That Trump Not Smart Enough To End Trade War

Goldman Sachs circulated a memo to their top investors on Monday warning them that Donald Trump isn’t likely to reach a trade deal with China before the 2020 election, and he certainly won’t end his trade war without that new deal. This means that they have to dig in their heels and expect a major economic downturn as a result of the ongoing trade wars, and they’d also better prepare themselves for a new administration if the dummy in the Oval Office doesn’t wise up. Ring of Fire’s Farron Cousins discusses this.