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David Lawder, Elias Glenn — Trump says U.S. tariffs on Chinese goods could exceed $500 billion

Summary:
President Donald Trump said on Thursday the United States may ultimately impose tariffs on more than a half-trillion dollars’ worth of Chinese goods as the world’s two largest economies hurtled toward the start of a trade war.... Does China need Western markets more than the West needs Chinese market? Looks like we are going to find out as equities markets make their bets. ReutersTrump says U.S. tariffs on Chinese goods could exceed 0 billion David Lawder and Elias GlennSee alsoZero HedgeTrade War Begins In Hours, As Trump Confirms China Tariffs To Start At Midnight Tyler DurdenSee alsoZero HedgeChina Rejects US "Blackmail" On Eve Of Trade War, Vows To Fight Back Tyler Durden

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President Donald Trump said on Thursday the United States may ultimately impose tariffs on more than a half-trillion dollars’ worth of Chinese goods as the world’s two largest economies hurtled toward the start of a trade war....
Does China need Western markets more than the West needs Chinese market? Looks like we are going to find out as equities markets make their bets.

Reuters
Trump says U.S. tariffs on Chinese goods could exceed $500 billion
Tyler Durden


Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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