The U.S. Can't Back Down Against China

Last Friday on "CNN Tonight," Don Lemon half-jokingly said that after the Dow dropped due to fears of a trade war with China, he was afraid to look at his 401K. There's no doubt that Wall Street hates any talk of tariffs and trade wars, as evidenced by the big tumble in stocks last week. I'm hardly a fan of them either, and there's no one who wants a continued booming stock market more than I do (perhaps with the exception of Donald Trump).