### Comment:
No cut and the Chinese go nuclear with the trade war in the months before the election.

### REPLY:
According to [Xi Jinping](https://www.google.ca/amp/s/mobile.reuters.com/article/amp/idUSKCN1SM08G) the Chinese economy is very weak under the hood, top that off with ridiculously high levels of corporate and local govt debt. China isn’t in any position to escalate the trade war. Starting to see a lot of talk that the slowdown over there is worse than the government leads on, compounded by the avian flu &amp; swine fever that’s decimating domestic food production.

### END.