Warning: A Dangerous Subversive: 1% of comments CoCed
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Trade War Escalates as China and Trump Exchange Blows
So much for a quiet Friday in August. The drama started early today when China slapped tariffs on $75 billion of U.S. goods. S&P 500 futures fell 25 points. About 2-1/2 hours later President Donald Trump hinted in a tweet that he viewed Chinese leader Xi Jinping as an “enemy.” The market didn’t do much — until the White House followed up with this stunner: “Our great American companies are hereby ordered to immediately start looking for an alternative to China,” Trump tweeted, adding the U.S. would be “far better off without them.” Other points in the series of tweets included: • Criticism of ... (full story)
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