Stocks Plunge On Trump Shocker: Threatens China With Another $267BN In Tariffs
by Tyler Durden
ZeroHedge.com
Fri, 09/07/2018
The Friday moment everyone has been waiting for, namely whether or not Trump would greenlight the next $200BN in China tariffs now that the comment period is over. Moments ago we got the answer when Trump, speaking to reporters on board of Air Force 1, just said that another $267BN in China tariffs are ready to go, and could be added to the $200BN which are already contemplated. From Bloomberg:
TRUMP: ANOTHER $267B CHINA TARIFFS READY TO GO, ADDED TO $200B
TRUMP: EXTRA $267B CHINA TARIFFS COULD BE READY ON SHORT NOTICE
While there were few details, and it was not clear if Trump had activated the original $200BN that was meant to be enacted today, the reaction on the market was instant, and the Dow Jones tumbled by 100 points in seconds once the headlines hit.
The Rest…HERE
