Ep. 102B – Tariff Man Trump In Action

The Kapital News
The Kapital News
Ep. 102B - Tariff Man Trump In Action

President Donald Trump took to Twitter this afternoon to note that the US will be imposing 10% tariffs on an additional $300 billion worth of Chinese goods. This is set to go into effect on September 1st. During the morning and early afternoon trading session, the major indices were nearing 1% gains, basically recouping their losses from yesterday’s news regarding the Federal Reserve’s decision to cut interest rates for the first time in a decade. However, these gains were quickly reversed following the news from The White House, whereby the major indices closed down around -1%. This news rippled through the oil markets, where at its lows was down around -8%. The 10 year US Treasury is also now yielding a multi-year low and is south of 2%. Across the globe, financial markets are selling-off in Asia and in the futures markets for Europe and the US. The question that remains is how will China respond? Another serious question, is how will Americans respond as we make our way through the 2020 election? Stay diversified, stay vigilant, and stay with The Kapital News. #EndTheFed #WakeUpAmerica #Economy

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