Stocks, Yuan, Commodities Slump On Report Trump To Proceed With Next $200Bn In China Tariffs
...millions of exuberant stock-buying voices cried out in terror, and were suddenly silenced.
Headlines from The Wall Street Journal that merely confirmed what everyone and their pet rabbit already knew - that $200 billion more China tariffs were set to hit next week as the comment period expires - sparked selling... everywhere.
While WSJ admits that Trump has yet to make up his mind, they report sources say he backs the additional tariffs (which anyone who can fog a mirror would know from his stance for the last month).
US Stocks dumped...
Boeing and CAT crumbled...
Yuan is getting whacked...
Copper is getting clubbed...
"surprise" - Trump's not backing away from China!
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