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TheToolman

China Tarriffs this Friday! What will the DOW do?

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Friday will be a tough financial market day....

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Trump set for China tariff announcement on Thursday, trade war fears grow

President Donald Trump will announce tariffs on Chinese imports on Thursday, a White House official said, in a move aimed at curbing theft of U.S. technology that is likely to trigger retaliation from Beijing and stoke fears of a global trade war.

https://www.reuters.com/article/us-usa-trade/trump-set-for-china-tariff-announcement-on-thursday-trade-war-fears-grow-idUSKBN1GX20V

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China to Target Trump’s Base in Tariff Response

China is preparing to hit back at trade offensives from Washington with tariffs aimed at President Donald Trump’s support base, including levies targeting U.S. agricultural exports from Farm Belt states, according to people familiar with the matter.

The plans are part of a strategy that has taken shape in recent weeks as Beijing seeks to avert tariffs by warning of possible repercussions and offering incentives to the U.S., including better access to China’s markets, especially in the financial sector.

China’s President Xi Jinping has taken this carrot-and-stick approach in an effort to avoid a trade war, these people said.

“Any Chinese response to new U.S. tariffs would be measured and proportional,” said a Chinese official involved in policy-making.

https://www.wsj.com/articles/facing-u-s-tariffs-china-plans-countermeasures-1521632332

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Just more fundamentals is all. This news shall also be absorbed into the markets. It may take a while, but it will. The markets will once again return to their upward trends. The markets are not yet ready for their planned collapse.

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