Really, Really Ugly.
If I were a cynic (heaven forbid!), I might suggest that Apple chairman Tim Cook’s large donation to Trump’s inauguration fund may be starting to pay off. The president blunted his Chinese tariffs over the weekend by temporarily diluting levies on smartphones and other consumer electronics and brought overdue relief to the likes of Apple who saw its range of products benefit from the latest climbdown.
Asian and European stock markets moved cautiously higher in reaction to the news on Monday. By the time New York opened, there had been some walk-back blather from both Trump and Commerce…
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