Market Reels After Trump Threatens Increased Tariffs On Chinese Goods

  • 📰 Forbes
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

In a surprise move, Trump threatened to increase tariffs on certain Chinese goods—and global markets are reeling

Trade worries, which had been simmering, have returned to a boil after President Donald Trump surprised the market with a threat to increase tariffs on goods from China.

But that worry reared its head again Monday, sending investors and traders concerned about the global economic fallout from an intensified trade war out of stocks and into so-called safe-haven assets. As the market has been lured into relative calmness about the trade war given the optimism about a potential deal, it may have been easy to forget that trade issues between the United States and China have remained the biggest overhang to stocks.

Meanwhile, wages rose 3.2% year-over-year in April, the same as the previous month. Some investors came into the report worried that sharp wage gains might put more pressure on the Fed to tighten rates, but this data doesn’t show a big upsurge from previous months. The Consumer Discretionary sector also got a boost Friday as Amazon gained more than 3% after Warren Buffett said in an interview with CNBC that Berkshire Hathaway has been buying shares of the online retailing giant.Compared to last week, this week is fairly light on economic data. Still, investors are likely to pay attention to data on producer and consumer prices.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The F-MORON realDonaldTrump all talk and NO ACTION. Nothing will happen Friday.

Economic terrorism i call this

Trump is really cool if u get to know him

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump could deal the oil market a major wildcard this week, says BP CEO Bob DudleyDudley says new U.S. measures to drive Iran's oil exports to zero are responsible for sending oil prices to nearly six-month highs. Is this more pressure than the last “maximum pressure?” If so, the last one wasn’t maximum. Unless this is 11 pressure.
Source: CNBC - 🏆 12. / 72 Read more »

Fact check: Trump correct in touting historic job market performance'JOBS, JOBS, JOBS! 'Jobs surge in April, unemployment rate falls to the lowest since 1969.'' Trump tweeted. Facts first: The jobs report for April shows a very strong economy, with the unemployment rate at a 50-year low. The guy has done an amazing job. Great time to be an American🇺🇸🇺🇸🇺🇸 Wow...someone at CNN just had a stroke.
Source: CNN - 🏆 4. / 95 Read more »