Chris Temple has some very interesting thoughts on the recent tariffs put on Chinese goods. We of course still touch on market moves but the big picture of where the world is going needs to be top priority.
There is no question that the markets have been reactive to the President’s Twitter account however could this be coming to an end? Ed Moya, Senior Market Analyst at OANADA joins me to discuss what he is expecting to drive markets over summer.
Well here we are forced again to discuss a tweets sent out by President Trump and the US/china trade war. On Sunday Trump sent out the tweet below…
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. The 10% will go up to 25% on Friday. 325 Billions Dollars….— Donald J. Trump (@realDonaldTrump) May 5, 2019
….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. The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!— Donald J. Trump (@realDonaldTrump) May 5, 2019
Chris Temple and I look at the market moves so far today and try to understand the strategy behind Trump pushing the Fed to change policies to support he market but then tweeting the above. We also discuss the potential opportunities for investors now that some fear is back in the markets.