U.S. stock markets continued to show high anxiety Tuesday after a volatile Monday amid simmering U.S.-China trade tensions. By Thomas Heath Thomas Heath Local business reporter and columnist, writing about entrepreneurs and companies in the Washington metropolitan area Email Bio Follow May 7 at 11:20 AM Trade tensions riled stocks for the second day in a row as the Trump administration promised to make good on its threats to raise tariffs on Chinese imports beginning Friday.
All three major U.S. indexes had been near all-time highs last Friday, with the Dow up 12 percent on year. The S&P 500 is up more than 15 percent, and the Nasdaq is ahead 20 percent in 2019. After markets closed on Monday, senior Trump administration officials accused the Chinese of “reneging” on commitments made earlier in trade talks. They reaffirmed their plan to raise tariffs on a wide range of Chinese goods on Friday.
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China, Hillary Clinton’s best friend. She seeks their help against Trump and they are giving it. As in all things, stock are political too. The butch is that powerful, if she can collude and interfere with a nationwide election and almost get away with she can do anything.
Gee. Such a surprise. Who would have thought tariffs and a trade war are bad ideas?
There is such a thing as overplaying one’s hand. Trump delivered tax cuts and deregulation to prime the economy which is performing well. Now he threatens China with further tariffs and the markets tremble with fear. The Lord giveth and the Lord taketh away.
Gonna get worse as war looms and inflation rises.
Winning trade wars are as easy as running a casino. However, Fuhrer TinyPaws von Schïïtbag sucks at both.
nekokumicho Make up your mind.
Has POTUS taken credit yet?
Buy baby buy
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