The globalist elites who own the stock market did not like the news that glorious populist leader Trump will hit China with $200 BILLION worth of tariffs!! Now they’re recoiling in horror that they won’t be able to buy all the golden toothpicks they were eyeballing!!!
Bloomberg reported the news:
President Donald Trump is preparing to release a list of an additional $200 billion in Chinese products to be hit with tariffs, according to two people familiar with the matter.
The list could be released as soon as Tuesday, and likely this week, according to the people, who spoke on condition of anonymity because the matter isn’t public. The publication of the list starts a weeks-long process that includes a public-comment period and hearings.
Stock futures fell and yields on 10-year Treasuries declined on concern of a widening trade war.
And here’s what happened:
S&P 500 futures' gain for the day wiped out in a flash after hours:— Michael P. Regan (@Reganonymous) July 10, 2018
*U.S. IS SAID POISED TO RELEASE $200 BILLION CHINA TARIFF LIST pic.twitter.com/jqQnx6BVwj
MORE: Trump administration poised to publish $200 billion China tariff list.Stock futures and Treasuries fall on report. Full story: https://t.co/INRKdJHrn9 @jendeben @amayeda via @bpolitics pic.twitter.com/USsb4cRTzx— Mike Dorning (@MikeDorning) July 10, 2018
I mean, to be fair, that graph is zoomed in a bunch – it’s only 0.33% of a drop, which is a third of one percent. We definitely don’t want to see it go down, and who knows how bad a hit it’ll take tomorrow, but to be honest, 0.33% isn’t that much. So far.