This past Sunday, President Donald Trump presided over the White House Christmas Reception, delivering a speech carried live to the nation. Among the holiday remarks, he took the opportunity to extol the benefits of his tariff program.

It was a simple executive-change notice, the kind that dots the financial press nearly every day. Todd Combs, one of Warren Buffett's senior managers, would be leaving Berkshire Hathaway to form a new unit at JPMorgan Chase. But this was far from an ordinary management change. For the first time in nearly a century, the fabled House of Morgan would invest its own capital in the stock market.

It was a simple executive-change notice, the kind that dots the financial press nearly every day. Todd Combs, one of Warren Buffett's senior managers, would be leaving Berkshire Hathaway to form a new unit at JPMorgan Chase. But this was far from an ordinary management change. For the first time in nearly a century, the fabled House of Morgan would invest its own capital in the stock market.

It was a simple executive-change notice, the kind that dots the financial press nearly every day. Todd Combs, one of Warren Buffett's senior managers, would be leaving Berkshire Hathaway to form a new unit at JPMorgan Chase. But this was far from an ordinary management change. For the first time in nearly a century, the fabled House of Morgan would invest its own capital in the stock market.

It was a simple executive-change notice, the kind that dots the financial press nearly every day. Todd Combs, one of Warren Buffett's senior managers, would be leaving Berkshire Hathaway to form a new unit at JP Morgan Chase. But this was far from an ordinary management change. For the first time in nearly a century, the fabled House of Morgan would invest its own capital in the stock market.

The Pentagon likely instructed the President to curtail all additional Russian-supplied arms to Venezuela, because there is one weapon that is of utmost concern for the US Military. That weapon is the growing number of hypersonic missiles Russia has developed. Among those, Hypersonic is the sea-based Zircon, as well as the seven-year-old, battle-tested Kinzhal.

The Pentagon likely instructed the President to curtail all additional Russian-supplied arms to Venezuela, because there is one weapon that is of utmost concern for the US Military. That weapon is the growing number of hypersonic missiles Russia has developed. Among those, Hypersonic is the sea-based Zircon, as well as the seven-year-old, battle-tested Kinzhal.

In the game of Chess, one type of move is considered to have more risks than any other. It is a move that puts at risk a player's most valuable asset, in the game of Chess that player is the King, in the geopolitics of the Navy, it's the United States' premier battle ships, the massive Aircraft Carriers.

In the game of Chess, one type of move is considered to have more risks than any other. It is a move that puts at risk a player's most valuable asset, in the game of Chess that player is the King, in the geopolitics of the Navy, it's the United States' premier battle ships, the massive Aircraft Carriers.

The effort, by President Trump, to make America come out on top in every transaction may seem entirely laudable. But there comes a point when the other side of those transactions begins to doubt whether there's any benefit for them. As any good salesman knows, buyers will walk away from any "deal" that offers little or nothing. Advertise to the world, as the President is doing, that we're going to make a giant profit, and global buyers will think what we're selling is too expensive.