Having ramped back into the green for the 3rd time today, Nasdaq futures are sliding once again after Fox News reports
“Chinese Trade Sources tell us that China expects 10% tariffs on an additional $300 billion will be added Sept 1st. Those sources also say China expects that 10% to go to 25% because China will stand firm and not buy US Agriculture.”
Chinese Trade Sources tell us that China expects 10% tariffs on an additional $300 billion will be added Sept 1st. Those sources also say China expects that 10% to go to 25% because China will stand firm and not buy US Agriculture. #China #Trade
— Edward Lawrence (@EdwardLawrence) August 7, 2019
Stocks dipped on the report…
As did Treasury yields…
via ZeroHedge News https://ift.tt/2GVdKZb Tyler Durden