How am I supposed to respond to this, seeing the same news for the 10th week in a row?
Yes, we know Trump wants tariffs on Chinese goods. We know he will likely use the money gained from the tariffs for some pet project of his, such as paying off the debt. That being said, it’s Friday and no one really cares. We’re all exhausted by the drama and have become immune to minor dips.
President Donald Trump wants tariffs on $200 billion of Chinese goods despite the U.S.’s attempt to restart talks on trade, Bloomberg reported on Friday.
The president told aides to go ahead with tariffs, Bloomberg reported, citing four people familiar with the matter.
The U.S. and China have already put in place tariffs on $50 billion of each other’s imports since July as tensions escalated despite several rounds of talks. Trump has criticized China’s record trade surplus with the U.S. and openly questioned whether it was manipulating its currency.
My NIO trade has stalled, in favor of a new Chinese IPO — QTT. Albeit tempting, I’m holding off buying into QTT while juggling several flaming jars of clay.If you enjoy the content at iBankCoin, please follow us on Twitter