I have said that all along. Where the rubber meets the road, the market hates trade wars.I dunno, I think Trump may be doing a 180 and may be starting to "get it", that the market loves China, and that's his report card; the market. If he's icing his China hawks, that may be the direction of the deal.
China holds the upper hand and Trump will have no choice but to cave. Unless Wall Street votes in his favor. They can do that ya know. It is true... China needs us more than we need them. Its all politics buddy. Money.
Its too bad really. Taking a hard line on IP theft was (is) the right thing to do. F China.
That said... I'm pretty sure you're right.