Futures Tumble After Trump Calls For Additional $100 Billion In Chinese Tariffs
by Tyler Durden
ZeroHedge.com
Thu, 04/05/2018
Update (8:30 pm ET): Barely two hours after Trump offered yet another trade war “tit” to China’s “tat”, the Chinese leadership released a statement foreshadowing its next inevitable retaliation in the escalating trade war between the world’s two largest economies.
n a report published by the state-run Xinhua News Agency, Beijing vowed to defend China’s national interest against US trade actions and protectionism, and said that Trump’s latest threats to introduce an additional $100bn in tariffs on imports from China “seriously violates the rules of international trade.”
In short, we’re sure a deal to quash the trade beef once and for all is right around the corner…
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Yesterday, just as the market soared by over 700 points from session lows because some 17-year-old hedge fund manager somewhere created the idiotic narrative that both China and the US publishing their lists of $50 billion in tariffs, that this somehow indicated easing trade tensions, we said the opposite, namely that “A green close is just what Trump needs to launch another round of tariffs” followed by the hypothetical: “Seeing favorable market response, Trump next raises China tariffs to $100BN.”
The Rest…HERE
