U.S. Stock Futures Tumble as Trump Signals More China Tariffs

[still_one]

U.S. equity futures tumbled in Asian trading after President Donald Trump ordered the U.S. Trade Representative to consider an additional $100 billion in tariffs on Chinese products.


S&P 500 Index futures fell 1.2 percent as of 8:06 a.m. in Tokyo. Futures contracts on the Dow Jones tumbled 1.4 percent and Nasdaq declined over 1 percent.


“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 products upon which to impose such tariffs,” Trump said in a statement.


Global equity markets have been roiled in recent weeks as investors fear an escalation in the tit-for-tat trade war between the world’s two largest economies will crimp growth. Beijing on Wednesday proposed 25 percent duties on a swath of U.S. agricultural products and other products ranging from aircraft to chemicals in retaliation to Washington’s tariffs on China’s high-tech goods.

https://www.bloomberg.com/news/articles/2018-04-05/u-s-stock-futures-tumble-as-trump-signals-more-china-tariffs

[eleny]

1. So he got a hold of a shovel with a longer handle

..... .....

[rzemanfl]

2. The stock exchanges should suspend trading until Drumpf's market manipulation stops. n/t

[matt819]

4. Thats exactly what hes doing

Manipulating the markets. Follow his and his family's Investments and transactions.

Also, wanna bet the Chinese have more tariffs lined up? Plus, as others have pointed out, the Chinese can start selling their us treasury bonds.

[rufus dog]

3. He and his band of criminals are shorting

he must have a big payment coming up to Putin

[pangaia]

5. And i bet it is Putin's instructions to begin with.

[Strelnikov_]

6. It's almost like he is under the sway of an adversarial foreign power, . .

intentionally trying to weaken the US economy.

But, that could never be, the GOP Patriots are behind him 110%.

[roamer65]

7. Good. I hope the Chinese target red states even more.

The blue tsunami grows larger and larger.

[D_Master81]

8. Ego

his ego wont allow him to "lose" this. we will go back and forth and all the gains in the market he liked to brag about will slowly erode away.

[still_one]

9. It was just yesterday when Larry Kudlow and his groupies were reassuring the market nothing to see

here..............................



OOPS

[elleng]

10. And

NIKKEI–0.13%

SHANGHAI–0.15%
CLOSED