The market? Who gives a damn what the market thinks?

After a decent rally today, the futures are deeply in the red this evening on news Trump Proposes $100 Billion More in Tariffs on China.

U.S. President Donald Trump said in a statement on Thursday that he has instructed U.S. trade officials to consider $100 billion in additional tariffs on China “in light of China’s unfair retaliation” against earlier U.S. tariff actions.

The statement said the U.S. Trade Representative has determined that China “has repeatedly engaged in practices to unfairly obtain America’s intellectual property.”

Message of the Day

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The message for the day, as noted earlier and re-emphasized this even is Soybeans, Cars, Planes, and "To Hell With Wall Street".

China Response?

How will China respond?

It will not be by dumping treasuries. For discussion, please consider Understanding the Trade "Nuclear" Threat, China Dumping Treasuries.

Mike "Mish" Shedlock

Trump Tells Aides to Proceed With $200 Billion in Tariffs on China

Despite talks with China, Trump instructs aids to place $200 billion in tariffs on China. Another $267 billion on deck.

Trump Asks China to Shift Soybean Tariffs to Something Else

As part of a trade deal, the US and China will both keep $50 billion in tariffs. Trump asked China to shift tariffs.

Stupid is As Stupid Does: Trump Hits China With $200 Billion More Tariffs

The global trade war escalated moments ago when Trump fired back with a threat of $200 billion more tariffs.

Trump Gets Cold Feet on More Tariffs: US Proposes More Talks With China

After numerous pompous threats made on China, Trump may be ready to back down.

Trump Eyes Another $267 Billion in Tariffs (And He's Foolish Enough to Do It)

As Trump ponders $200 billion in tariff threats, he eyes another $267 billion on top of that.

Trump to Hike Tariff Rate on $200 Billion in Chinese Goods: Two Tweets Two Lies

Trump announced in Tweets he is hiking tariffs on China. He told two lies in those Tweets. There's an implied third lie.

China May Cancel Trade Talks if Trump Extends Tariffs

After Trump reached out to China offering trade talks, he then gave the go-ahead for more tariffs. China may back out.

Trump Launches $50bn in Tariffs, Says China is "Out of Control"

Supposedly it's payback time. That's what the Trump Administration says about a new round of tariffs.

More Tariffs on China: "They Better Pay Attention" was the Hamptons Message

Not only did Trump whine about interest rates at the Hamptons fundraiser, he also threatened China.