Dow futures fall nearly 100 points after Trump says he's 'ready to go' to $500 billion in tariffs on
Source: CNBC
U.S. stock index futures declined after President Donald Trump said he is ready to put tariffs on every Chinese good coming to the U.S. if necessary.
"I'm ready to go to 500," the president told CNBC's Joe Kernen in a "Squawk Box" interview.
Futures fell to their lows after the airing of the interview Friday morning New York time.
"That's going to reignite the trade-war fears," said Peter Cardillo, chief market economist at Spartan Capital Securities. "That can only complicate things in the market."
Read more: https://www.cnbc.com/2018/07/20/us-markets-focus-on-earnings.html
TreasonousBastard
(43,049 posts)Largely meaningless-- lessee what happens with growth slowing, manufacturing output dropping, and other real measures of failure.
yallerdawg
(16,104 posts)Ever since the "Great Tax Break" (for the 1%) kicked in and the Dotard started his 'phony, crony trade war' with the world, the years of the Obama administration steady, measured rise in recovery have now become stagnantly erratic as an economic trend.
His personal incompetence and naïve understanding of how the world works - and facts - have us back in the Republican clown car headed for the ditch again.
onenote
(42,700 posts)In fact 2015 was a down year.
Short term comparisons arent particularly significant
yallerdawg
(16,104 posts)THIS is the market the Dotard is "playing" with. His making.
Actual results of his economic and financial policies.
Reference George W. Bush for what lays ahead.
onenote
(42,700 posts)duforsure
(11,885 posts)Is behind this to enrich russia and putin more ,and to weaken our economy. Russia has already benefited from him having trump do this, and it'll just escalate. Republican puppets doing nothing to stop putin , or trump now.