### Comment:
Legit, the 200b tarrifs pending with China and their currency manipulation is the real problem for the market as a whole. 
  
 The EU problem was the auto tarrifs

### REPLY:
If US and EU move towards zero tariffs, per headlines, that's crazy bullish. Which is why SPY went vertical.  
  
 It's separate from China, but turns the screws on China and now gives Trump more political coverage to wail on them.

### END.