EXCERPT:
UNGAR-SARGON: "Here‘s the way I think they‘re thinking about it. It feels like the direction they‘re heading in is that what Trump basically wants is for our allies to consume a lot more of our products, and for China to produce a lot less of what we consume. And so I think what he‘s going for is a kind of soft global embargo on China. And the way that he went about doing that is he basically picked up a baseball bat and said to the entire global elites, 'That‘s a really nice stock market you‘ve got. It would be a shame if anything happened to it.' And the reason that I think that that was effective is, I mean, Lutnick is saying that they could never have gotten such good deals if that pressure that you‘re actually describing wasn‘t there. But I think that that was more designed for domestic audience.”