Just when you thought it was safe to BTFTWD, a headline hits to remind you that President Trump is anything but done with China…
Bloomberg reports that President Donald Trump is preparing to release a list of an additional $200 billion in Chinese products to be hit with tariffs, according to two people familiar with the matter.
The list could be released as soon as Tuesday, and likely this week, according to the people, who spoke on condition of anonymity because the matter isn’t public. The publication of the list starts a weeks-long process that includes a public-comment period and hearings.
And the result… Dow futs drop 200 points
And all major equity futures drop…
And so did the 10Y Yield…
And USDJPY dropped below 111.00
The new list would mark the latest escalation of the trade war between the world’s two biggest economies.
And as a reminder, China has vowed to retaliate dollar-for-dollar to any further U.S. tariffs.
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Author: Tyler Durden