Republican Senator says Trump is ‘dug in’ on tariffs, ‘like a tick’

John Kennedy, junior United States senator from Louisiana since 2017:

• serves on the Appropriations, Banking, Budget, and Judiciary Committees in the U.S. Senate
• serves as the top Republican of the Appropriations Subcommittee on Energy and Water Development and Banking Subcommittee on Economic Policy

Comments:

• Stock market was a little overvalued at around 21 times earnings
• vs. ten year average 18 or
  19
• market is expressing its uncertainty
  about tariffs
• (Trump is) a
  president who believes … passionately in
  tariffs
• He’s dug in. I mean he’s dug in like a like a tick.
• Will it
  cause inflation, will it be a positive? Will it be a negative? The
  truth is we just don’t know. And markets don’t like uncertainty.

Who knows what to believe from slimy politicians. But, on the ” markets don’t like uncertainty” – he got that right and US equities are copping it.

This article was written by Eamonn Sheridan at www.forexlive.com.