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US stocks balk at further US measures against China
The slide in the dollar and further pressure in the US stock markets has come after yet another US hike in its tariffs on China according to White House sources. The White House has just announced this will now be at 145%. Look this is all getting rather out of hand, if it is not that way already. If the US administration keep this up, they might just as easily ban Chinese imports altogether. The US stock markets have not taken kindly to this and now the Dow is more than 1000 points in the red and the Nasdaq 100 has fallen below 18,450. The S+P 500 is now approaching 5,275. There seems to be a total disconnect on US policy coordination too and that is not good news. As to whether this will totally upend the gains from yesterday is not easy to calculate here right now though
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