The US markets will tank tomorrow too. The Chinese were testing Trump and I expect them to make a deal within a week.
I don’t know if the markets will be lower Friday or Monday, I would guess Friday. I have cash that has been waiting for a downturn on news that will turn around. I have a major cash account I have been holding for this kind of knee-jerk market reaction. I may do half Friday and half Monday.
“The US markets will tank tomorrow too.”
When news first hit the markets on Monday the Shanghai market closed down about 5.5%, and New York about 0.5%.
I expect that China will take it harder tomorrow as well.
I don’t know.
I think the Chinese should be punished for going back on the original aggreements.
Trump should enact 25% tariffs on everything as a new baseline, but should then announce they are going to 100% in a month, 200% in two months, then 500% in three months.
THEN start negotiating from there.
We do not repeal the 25% tariffs, ever.
How does only $200B tank the market? Fake contrived "reaction".