The Trader 

Market Outlook: President Trump has yet another new target

The Trader

The Financial Times reports that in a telephone interview yesterday with Fox Business the US President said the bilateral US-Japan mutual security treaty was lopsided. ‘’If Japan is attacked, we will fight WWIII. We will go in and protect them with our lives and with our treasure. But if we are attacked, Japan doesn’t have to help us at all. They can watch on a Sony television’’. For good measure Mr Trump also lambasted India for retaliatory ‘very high tariffs’ and EU anti-trust commissioner Vesatger who ‘hates’ the US. And it gets worse: ‘‘I have the right to demote him [Fed chair Jerome Powell]; I have the right to fire him. He has to lower interest rates to help us compete with China’’.

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