Trump Approves Tariffs On $50 Billion In Chinese Goods, Escalating Trade War

Here we go. On Wednesday afternoon, as the dollar was surging on the back of a hawkish hike from the Fed, WSJ reported that Donald Trump would in all likelihood make good on his threat to go ahead with tariffs on billions in Chinese goods, with an announcement likely coming on Friday. That decision (were it to pan out) would confirm reports from a couple of weeks ago when Trump, seemingly swayed by the isolationist/protectionist contingent's rebuke of a trade truce struck by Steve Mnuchin duri