China fires back at Trump’s 100% tariff threat
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Homin Lee, Senior Macro Strategist at Lombard Odier, says weekend tariff rhetoric between the U.S. and China suggests that both sides are testing their leverage, underscoring the urgent need for dialogue.
Trump’s 100% China tariffs sent crypto into chaos, wiping out $16B in longs. Bitcoin plunged, traders panicked, and speculation rose over who saw it coming.
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President Donald Trump announced Friday he would implement new 100% tariffs on imports from China starting next month in response to what he called "aggressive" moves by China regarding export controls. In a social media post, Trump said the new tariffs would take effect Nov. 1.
The notional $1,000- $2,000 tariff-revenue checks may be comparable in dollar amount to Biden’s stimulus checks, but Covid dollars and today’s dollars are much different due to the high inflation that’s occurred in recent years, outpacing wage growth.
We spotlight the 5 best stocks with Strong Buy ratings that outperform after tariff fears subside. Click here to see the stocks.
President Trump's tariff and trade policy is set to influence Social Security's "raise" for the upcoming year.