View full page at forexfactory.com

 

Markets feared Trump would light the fuse on a trade war, and maybe he just did

From cnbc.com

President Donald Trump's plan to slap tariffs on foreign aluminum and steel could help U.S. producers, but it could also fuel inflation, slow the economy and trigger other retaliatory actions against U.S. industries, analysts said. These fears weighed on stocks, and the market sold off sharply after initially flip-flopping amid confusion over whether there would be an announcement or not. But stocks sold off sharply when Trump surprised the markets and announced a 25 percent tariff on steel and a 10 percent tariff on aluminum. "One of the largest fears we have is we've got tariffs. We could have trade wars, and it ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis