Data shows imported goods prices dropped.Fed very data-dependent.I expect they will catch up soon.We at the White House 100% respect Fed independence.Tarriff revenue important for deficit reduction.Hopeful that India will open up its markets to us.EU and Japan deals will help with capital spending boom.A deal with India will be an absolute game changer for the global economy.We are looking at 4% growth for Q3.Will have additional info on the India penalty shortly.Still hope for progress with India.On China trade: Trump to be briefed today.Trump will probably want changes before agreement announced.Ground is set for very positive developments.The GDP data today surprised to the upside and it was preceded by a strong ADP employment report. We have the FOMC decision later in the day where the Fed is expected to keep rates unchanged. For a comprehensive preview click here. This article was written by Giuseppe Dellamotta at investinglive.com.