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Feature Article by Stephen Lendman
Trump Tweets on China Roil Markets
by Stephen Lendman (stephenlendman.org – Home – Stephen Lendman)
Overnight Sunday, Dow futures dropped over 500 points after China indicated it might cancel the next round of trade talks, following Trump's tweets, saying:
"For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods."
"These payments are partially responsible for our great economic results (sic). The 10% will go up to 25% on Friday. 325 Billions Dollars…."
"….of additional goods sent to us by China remain untaxed, but will be shortly, at a rate of 25%."
"The Tariffs paid to the USA have had little impact on product cost, mostly borne by China (sic). The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!"
Comments like the above show a president unfit t
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