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Dow drops 470 points on growing trade-war threat, biggest decline since early January
[CNBC] Stocks fell sharply on Tuesday after a top U.S. trade official indicated that higher tariffs on Chinese goods are coming later this week, disappointing traders who hoped President Donald Trump’s weekend tweet threat was just a negotiation tactic.Traders who, apparently, have not been "following" President Trump, and may be confusing "threat" with "promise," or, possibly, "bluff." See also "gambit." U.S. Trade Representative Robert Lighthizer told reporters that the U.S. will increase levies on Chinese imports on Friday. Why Friday, I wonder.  Oh, right. If nothing else, politics, at all levels, has become more interesting since President Trump took the helm. For those who would listen, the United States of America is getting real and frequent lessons in horse-trading. Posted by: Anomalous Sources 2019-05-08 |
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