m**c
发帖数: 7349 | | b********n
发帖数: 38600 | 2 Trade-war jitters
The Trump tariffs are on the verge of backfiring, with China announcing
retaliatory measures and financial markets quivering at the prospect of
escalating trade disputes. The new China tariffs would cover about $3
billion of US imports to China, matching duties Trump plans to impose on
about $3 billion of aluminum and steel imported to the United States from
China. But much bigger retaliations are probably coming. In addition to the
steel and aluminum tariffs, Trump has announced new tariffs on about $60
billion of other Chinese imports, and China is likely to respond in kind
with tariffs on the same value of U.S. imports to China.
Trade-war jitters, triggered largely by Trump, have helped send the S&P 500
down more than 4% so far this year—despite tax cuts that should push both
profits and stock prices up. Trump watches markets closely and probably
assumes stocks will recover. Yet he recently threatened, again, to single-
handedly kill the North American Free Trade Agreement, which would
undoubtedly send stocks down even further. Stock prices are signaling a
significant problem. | m**c
发帖数: 7349 | |
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