In a Thursday phone call, the President sounds courteous and stable, but unfortunately still focused on trade deficits.
People inclined to believe that the President is crazy should pause before accepting such diagnoses from journalists without medical degrees quoting anonymous non-doctors in the federal bureaucracy. But investors hoping for a quick end to the Trump trade debates may have reason to be nervous.
Your humble correspondent appeared on the Fox News Channel this morning and gave the President due credit for the outstanding economic results of his tax and regulatory reforms. This prompted a gracious phone call from Mr. Trump in which the President sounded very stable but unfortunately also still very focused on eliminating trade deficits with America’s trading partners.