Ha ha.. this is really good for my XAU/USD long.
Trump Orders Consideration of $100 Billion in New China Tariffs
President Donald Trump said Thursday he is ordering the U.S. Trade Representative to consider $100 billion in additional tariffs on Chinese goods, ratcheting up tensions with Beijing after his administration signaled it would be willing negotiate. U.S. stock futures dropped on Trump’s latest trade directive. S&P 500 Index futures slid as much as 1.2 percent, after the underlying gauge ended up 0.7 percent on Thursday. “In light of China’s unfair retaliation, I have instructed the USTR to consider whether $100 billion of additional tariffs would be appropriate under section 301 and, if so, to identify the ... (full story)