Futures Tank as Trump Proposes $100 Billion More China Tariffs

China retaliated on $50 Billion worth of tariffs, so Tump slammed China with another $100 billion.

The market? Who gives a damn what the market thinks?

After a decent rally today, the futures are deeply in the red this evening on news Trump Proposes $100 Billion More in Tariffs on China.

U.S. President Donald Trump said in a statement on Thursday that he has instructed U.S. trade officials to consider $100 billion in additional tariffs on China “in light of China’s unfair retaliation” against earlier U.S. tariff actions.

The statement said the U.S. Trade Representative has determined that China “has repeatedly engaged in practices to unfairly obtain America’s intellectual property.”

Message of the Day

The message for the day, as noted earlier and re-emphasized this even is Soybeans, Cars, Planes, and "To Hell With Wall Street".

China Response?

How will China respond?

It will not be by dumping treasuries. For discussion, please consider Understanding the Trade "Nuclear" Threat, China Dumping Treasuries.

Mike "Mish" Shedlock

Comments
Wagen
Wagen

That escalated quickly @hmk and @whirlaway

Swear to God I had something for this.

Never mind, I already posted the joke about libertarians few comments higher.

hmk
hmk

you are absolutely correct you arrogant fucking asshole. Trying to have a discussion with your type is a waste of my time. Don't let any facts get in the way of formulating an opinion . Wow your calling me stupid really helps your argument, your are again an arrogant stupid fucking asshole. I am at this point going to unsubsribe to this post because I don't want to hear your useless bloviation.

whirlaway
whirlaway

It was not technological advances that ruined middle America, idiot. It is financial engineering of Wall Street types and their lackeys like you.

No wonder you have no clue what is going on. You have your head up the behinds of Wall Street corporate pirates that you think what they are doing is innovation. The coming days and years will spring more surprises for you. And being so goddamn clueless, every time you will be wondering what hit you.

hmk
hmk

Wow never heard of the term rustbelt here in MI. I guess those involved in the mass migration from the south in the past were unencumbered by financial and social reasons. Also the same for all those who immigrated here from Europe etc, You are the moron not me. I bet you are agains all progress if it involves putting people out of work. You are the typical luddite who didn't want the buggy whip manufactures to get hurt by the auto manufactures.

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