While Chinese markets are still closed for lunch, the announcement of US tariffs on China being officially unleashed – followed swiftly by China commenting that “it’s forced to retaliate” has, of course, been met with a sudden wave of panic-buying in US equity futures…
Shots Fired
0001ET *U.S. TARIFFS ON CHINA TAKE EFFECT AS TRUMP TRADE WAR ESCALATES
0004ET *CHINA SAYS IT HAS TO FIGHT BACK
0006ET *CHINA SAYS IT’S FORCED TO RETALIATE ON U.S. TARIFFS
And Dow Futures spike 100 points…
What a farce – if this holds then Trump will be more than pleased to follow through with more hundreds of billions in tariffs – and new record highs for The Dow?
After early weakness, onshore- and offshore-Yuan are now spiking too…
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