U.S. stocks turned lower, while the dollar sank with oil after President Donald Trump said the U.S. will levy a 10 per cent tariff on $300 billion in Chinese goods. Ten-year Treasury yields dropped to the lowest level in three years.
— Donald J. Trump August 1, 2019The S&P 500 wiped out a gain of more than 1 per cent more after Trump said in a tweet the new tax will go into effect on Sept. 1. Small caps led the decline. Gold erased losses. The 10-year Treasury yield dropped to 1.89 per cent, the lowest level since 2016, and the dollar fell versus major peers.Crude is taking the news of the tariffs on the chin
West Texas Intermediate for September delivery fell US$3.83 to US$54.75 a barrel at 1:41 p.m. on the New York Mercantile Exchange.In a string of tweets, Trump also faulted China for not following through on promises to buy more American agricultural products and personally criticized Chinese President Xi Jinping for failing to do more to stem sales of the synthetic opioid fentanyl.
No politician keeps his promise like Trump. The last guardian of the free world.
What kind a market is this... is Trump 'God'... [well, maybe he is... LOL ]😂🤣
Tariffs have put Chinas economy in the gutter and raised the USA economy amazingly. Not sure the lame message you are trying to send here.
Does he EVER STOP WINNING!!!!
It's a couple hundred points, like 0.3%. Calm down. This isn't news.