While a Chinese delegation is still scheduled to visit Washington as planned this week, with talks to take place Thursday and Friday, U.S. Trade Representative Robert Lighthizer told reporters Monday that the Trump administration plans to increase duties on Chinese imports at 12:01 a.m. on Friday.
The result, more than half of the intraday gains have been erased already…
More problematic – or perhaps he just had to say that – Treasury Secretary Steve Mnuchin added that the market’s reaction was not a factor in China talks.
Developing…
via ZeroHedge News http://bit.ly/2ZSBLYG Tyler Durden