Financial news

Lie of the Day: Trump Hikes China Tariffs By 10%, Says “Trade Talks On Track”

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Via MishTalk

Trade Tweet Series

The Wall Street Journal reports Trump to Impose Additional 10% Tariff on Chinese Goods.

Gotta Love the Subtitle

President says next round of trade talks With Beijing are still on track for September.”

What a hoot.

The stock market reversed sharply as did gold. Bond yields crashed.

Manufacturing is already weak. This won’t help.

Mike “Mish” Shedlock

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