UPDATE:
CHINA SAYS TO RAISE TARIFFS ON 2493 U.S. GOODS TO 25%
— zerohedge (@zerohedge) May 13, 2019
According to Trump, tariffs boosted economic growth. BOOSTED!
The unexpectedly good first quarter 3.2% GDP was greatly helped by Tariffs from China. Some people just don’t get it!
— Donald J. Trump (@realDonaldTrump) May 13, 2019
He calls out President Xi by name.
….completely avoided if you by from a non-Tariffed Country, or you buy the product inside the USA (the best idea). That’s Zero Tariffs. Many Tariffed companies will be leaving China for Vietnam and other such countries in Asia. That’s why China wants to make a deal so badly!…
— Donald J. Trump (@realDonaldTrump) May 13, 2019
What the fuck is going on here. Oh, by the way, good morning. My coffee is hot as shit and futures are now -320. But, WTI is +1%, which is odd. Bond yields are sinking again too. I don’t think anyone should panic while WTI is higher. Nevertheless, this calling out of Xi can’t bode well for a deal any time soon. Will this pass and people just carry on like it never happened — or will it wreck markets?
STAY TUNED!!!
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It’s Shakespearean, Mr. Fly. They’re both too prideful to move off their collision course. I don’t think a trade war with China is as bad as the ugly futures indicate, but I’m just a pig.
8D chess being played by the Orangeman. Checkmate Xi. Vietnam is beautiful.
You knew markets near ATH would make this idiot do stupid things.
Markets no longer ‘wreck’. They may ‘dent’ but soon after ‘expand’.