Trump's approval ratings may hold clues to where US trade disputes are heading [CNBC]
JP Morgan Chase & Co. (JPM)
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Source: CNBC
Getty Images President Donald Trump From the tariffs on steel and aluminum imports in March to July's list of $200 billion in Chinese goods that may be targeted by new American levies, the U.S. administration's trade policies have repeatedly caught markets off guard. The U.S.- China trade war continues to simmer and the White House is trading tariff threats with other nations, so analysts are now looking beyond government pronouncements for alternative indicators that may clue them into where exactly America's ongoing disputes are headed. Approval ratings U.S. President Donald Trump's trade offensive against Beijing coincided with a drop in his disapproval ratings, Nomura Chief Economist Rob Subbaraman and analyst Michael Loo wrote in a recent note. Perhaps President Trump's efforts to deliver on some of his harsher campaign rhetoric on trade are starting to shore up his core support base. Moreover, the data are in his favor
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