Trump’s Latest Tariff Threat Betrays Impatience for a China Deal

• Having waited all week for an update on how the latest round of trade talks between the U.S. and China were going, President Donald Trump answered that question emphatically with a series of tweets.
• Trump said the U.S. will impose 10% tariffs on another $300Bn of Chinese goods not already subject to levies. The final list of which has yet to be released but it is likely to include consumer goods and tech.
• The effects of Trump’s tweets were seen in Treasury yields which dropped the lowest levels since 2016; oil also took a beating and is now on track for a loss this week, and stock traders were caught in the midst of a brutal 48 hours between the Federal Reserve decision and the tariffs.
• It leaves an already-struggling global economy steeling itself for more difficulties and has analysts asking questions about when China’s currency may break through a key level against the dollar and what kind of opportunities it may bring for stock investors.

(Source: Bloomberg)