Tuesday 19 June 2018

The only dark cloud over the U.S. economy is Trump’s trade fights with, well, everybody

The only dark cloud over the U.S. economy is Trump’s trade fights with, well, everybody

President Trump is either building up trade walls or tearing them down, but no matter which view is right, he’s definitely putting investors and Wall Street on edge. On Friday the White House said it would proceed with plans to sock $50 billion in Chinese goods with steep tariffs after talks on removing trade barriers in China got nowhere. And even though Trump promised to ratchet up sanctions if China retaliated, China quickly vowed a tit-for-tat response.
Read more: https://www.marketwatch.com/story/the-only-dark-cloud-over-the-us-economy-is-trumps-trade-fights-with-well-everybody-2018-06-16?source=Snapzu

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