Trade Tweet Series
The Wall Street Journal reports Trump to Impose Additional 10% Tariff on Chinese Goods.
Gotta Love the Subtitle
"President says next round of trade talks With Beijing are still on track for September."
What a hoot.
The stock market reversed sharply as did gold. Bond yields crashed.
Manufacturing is already weak. This won't help.
Mike "Mish" Shedlock
Trade with China talks are "back on track". But what track is that?
After Trump reached out to China offering trade talks, he then gave the go-ahead for more tariffs. China may back out.
Stocks staged an afternoon rally reversing early losses after China and Trump agreed to more talks.
In response to Trump's imposition of more tariffs, China responded with tariffs of its own and walked out of talks.
Either Trump backs down from repeated threats or more tariffs are coming as talks with China collapse.
Round one of the US-China trade deal is allegedly "absolutely done". Let's investigate that and other claims.
Xi will meet Trump at the G20, but if Trump wants a deal, China has preconditions including a ban lift on Huawei.
Trump announced in Tweets he is hiking tariffs on China. He told two lies in those Tweets. There's an implied third lie.
Despite talks with China, Trump instructs aids to place $200 billion in tariffs on China. Another $267 billion on deck.
