Trump Wants Tariffs! That Could Be Good for Gold

Jon Government

Trump wants tariffs.
That could be good for gold.
According to a report on Axios last week, President Trump demanded tariffs during a recent White House meeting that included new chief of staff Gen. John Kelly.
John, you haven’t been in a trade discussion before, so I want to share with you my views. For the last six months, this same group of geniuses comes in here all the time and I tell them, ‘Tariffs. I want tariffs.’ And what do they do? They bring me IP. I can’t put a tariff on IP.’
Trump reportedly went on to assert ‘China is laughing at us.’
Of course, Trump campaigned on a more protectionist trade policy. It’s starting to look like the president is more aggressively pursuing that goal. The administration has threatened to pull out of a trade deal with South Korea, and NAFTA negotiations appear to be going nowhere.

This post was published at Schiffgold on SEPTEMBER 5, 2017.