The Madman Theory – by Jimmy C. Chang of Rockefeller Capital


May 2019 may turn out to be a pivotal month for the Trump Presidency. According to National Economic Council Director Larry Kudlow’s football analogy, the trade deal with China had advanced to the 5 or the 7-yard line in early May. However, the trade deal fell apart after China returned the draft agreement with extensive edits that, according to U.S. officials, undermined the core architecture of the deal. The U.S. has essentially expanded the Trade War into a Tech War with the spectre of the Cold War waiting in the wings.

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