Market Reaction (Before the Above Tweets)
Looking for Whom to Blame?
I can help.
This may be related to Seth Moulton, "whoever that may be".
There is no other rational explanation.
I almost forgot: "Thank you for your attention."
Mike "Mish" Shedlock
The markets are reeling a bit today and bond yields are falling on news of escalating trade war threats.
Trump says the trade talks with China are going well. And China will purchase soybeans again. Don't expect much more.
China has prepared a list of retaliations if Trump escalates the trade war with China.
In Trump's "easy to win trade war" script, US farmers will suffer from China's initial response.
In order to save the holiday season, Trump delayed imposition of his recently-announced trade war escalation.
After Trump reached out to China offering trade talks, he then gave the go-ahead for more tariffs. China may back out.
It didn't take long for China to retaliate against Trump's trade war escalation. It did so by halting all US ag imports.
Taiwan banned travelers from China and is even sending people back. Should Trump do the same?
Let's take a look at how China sees the escalation of the trade war as described by the Xinhua News Agency in Beijing.
