Trump Trade War

Submitted by ub on Tue, 05/14/2019 - 06:13

The Dow dropped more than 600 points on POTUS tariffs pressures. A crumbling international economy added to increased job losses, and a spooked global market could be just the beginning of what's in store as China hits back at America in a #TumpTradeWar.

China’s new tariffs could make the US trade war worse…

President Trump's trade war with China wiped $1 trillion off global markets in a single day

Chinese officials announced fresh duties on $60 bln of U.S. products in response to the White House’s hike last week. If the two sides can’t find common ground at the June G20 summit, things look grim:

Chinese state media calls Donald Trump's tariffs "irrational" because they will "hurt the U.S. economy"…

Businesses and consumers have "entirely" paid for Donald Trump's 2018 tariffs, Goldman Sachs says

Beijing’s hard line bodes ill for trade peace

The US targets $300B of Chinese goods for new tariff hikes

Trump says U.S. farmers will get $15 billion in aid to help as products may be targeted by Chinese tariffs amid a deepening trade spat

‪Investors are turning to safer assets or cheap stocks that can hold up if economic growth slows in coming months… via @WSJ‬