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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 https://www.vox.com/2019/5/13/18617818/china-usa-trade-war-trump-tariff…

President Trump's trade war with China wiped $1 trillion off global markets in a single day http://mag.time.com/0VHWqKB

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: http://bit.ly/30hsFFi

Chinese state media calls Donald Trump's tariffs "irrational" because they will "hurt the U.S. economy" https://www.newsweek.com/chinese-media-trump-tariffs-hurt-us-economy-14…

Businesses and consumers have "entirely" paid for Donald Trump's 2018 tariffs, Goldman Sachs says https://trib.al/6ANaopZ

Beijing’s hard line bodes ill for trade peace https://bit.ly/30hsFFi

The US targets $300B of Chinese goods for new tariff hikes https://apnews.com/47537353131545e18b2dbcc802291eae

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 https://reut.rs/2VD0JwH

‪Investors are turning to safer assets or cheap stocks that can hold up if economic growth slows in coming months https://www.wsj.com/articles/escalating-tariffs-test-investors-faith-in… via @WSJ‬