Trump: China’s Xi has called him

• China’s Xi has called him.
• His administration in active talks with Chinese to strike a deal.
• Crimea will stay with Russia.
• Would consider it a victory if US has 50% tariffs a year from now.
• Wasn’t worried during April bond stress.
• Predicts Saudi Arabia will go into the Abraham accords.
• Bessent and Lutnick didn’t tell him to do 90-day pause.
• Loves the concept of raising tax on wealthy.
• Made 200 deals.
• Will announce deals over the next 3 to 4 weeks.
• Won’t call President Xi if he doesn’t call him.
• Would support a ban on congressional stock trading.

“China’s Xi has called him.” – The market would have reacted with a rally a week ago, but you can understand the distrust now given that the Chinese keep on repeating that Trump is lying.

“Would consider it a victory if US has 50% tariffs a year from now.” – This is not a good looking headline.

Update: he just answered to a question

If we still have high tariffs, whether it’s 20% or 30% or 50%, on foreign imports a year from now, will you consider that a victory?

Total victory.

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