Stocks, Peso Spike On Report US Considers Delaying Mexican Tariffs

Did Trump just fold (again)?

The peso and US stocks spiked on a Bloomberg headline stating that:

• U.S. WEIGHS DELAYING MEXICO TARIFFS AS TIME FOR DEAL RUNS SHORT

But, shortly after that, another headline hit:

• *U.S. TARIFFS ON MEXICO GOING INTO EFFECT MONDAY STILL POSSIBLE

Confirming that a delay is not an actual end to the threat of tariffs.

Markets retraced a little…

And stocks…

 

 

 

 

via ZeroHedge News http://bit.ly/2Wj8vY4 Tyler Durden