Trump Retaliates With Tariffs On All Goods From China, Much At 30%
In a major escalation of the trade war, Trump lashed out at China.
Market Reaction (Before the Above Tweets)
- S&P 500: Down 75 Points, -2.6%
- Nasdaq 100: Down 242 Points, -3.2%
- DOW: Down 623 Points, -2.4%
Looking for Whom to Blame?
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The Dow is down 573 points perhaps on the news that Representative Seth Moulton, whoever that may be, has dropped out of the 2020 Presidential Race!
— Donald J. Trump (@realDonaldTrump) August 23, 2019
This is entirely related to Seth Moulton, "whoever that may be".
I almost forgot: "Thank you for your attention."
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Congress wake up and manage your own affairs. This is what happens when Congress delegates its taxation powers. And yes, tariffs are taxation and yes they are taxation on US consumers not foreign governments.