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

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
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One thought on “Trump Approves Tariffs On $50 Billion In Chinese Goods, Escalating Trade War

  1. Retail sales increases = Preemptive strike on inflation + tariffs?
    Just like the bad old days (80’s). I could use a new TV…
    Time to bet on the 7B folks who DON’T live in the US? Maybe.

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