Yahoo’s Newman: Everyone Who’s Negotiating with Trump on Tariffs Sees It as a ‘Game of Chicken’ Where Trump Backs Down

EXCERPT:

NEWMAN: “There is a game of chicken going on here. And the game of chicken is, how long will Trump hold out with these tariff threats and with the actual tariffs, given what happens in the U.S. economy? So Trump has backed down in some measure. He clearly backed down from the 145 percent tariff on Chinese imports. And I'm sure that -- that -- that the timing mattered there because people were probably telling Trump there are no imports coming into the United States with this 145 percent tariff on. So if you don't change that soon, we're going to start having shortages right around midsummer and summer back to school season. So I think everybody who's negotiating with Trump sees this. It's a -- it's -- these are multifaceted negotiations. I mean, there are many variables here. But a very important variable is what happens in the U.S. economy that damages markets here or damages the actual economy. And that is going to continue.”