Trump hits China with broad limits on tech investment, moves forward with $50 billion in tariffs ahe
Source: Washington Post
The investment limits and tariffs are part of a broad crackdown aimed at limiting Chinas ability to acquire U.S. technology.
The announcement comes less than 10 days after Treasury Secretary Steven Mnuchin said that the trade war with China was on hold. Commerce Secretary Wilbur Ross is due to arrive in Beijing on Saturday for talks aimed at cooling trade tensions between the two countries.
Read more: https://www.washingtonpost.com/news/business/wp/2018/05/29/trump-hits-china-with-broad-limits-on-tech-investment-moves-forward-with-50-billion-in-tariffs-ahead-of-key-trade-meeting/?utm_term=.b0f2b20478e3
Botany
(70,501 posts)n/t
beachbum bob
(10,437 posts)chaos method for economy will not work
workinclasszero
(28,270 posts)For ex-Harley-Davidson workers and soon to be bankrupt family farmers, not so much.
Tom Rinaldo
(22,912 posts)He is so fucking transparent. The uses the USA as collateral for his personal deals.
Bengus81
(6,931 posts)RDANGELO
(3,433 posts)China won't negotiate; they will just retaliate, which will hurt everybody.
SayItLoud
(1,702 posts)We KNOW;
tRUMP speaks on his unsecured cell phone to guys like Carl Icahn and other savvy investors (or crooks).
He seeks their advice and tells them what he is thinking....then he tweets and the stock market rockets 100's of points one way or the other.
Even a non savvy investor could play this information for millions of $. Buying long, selling short, covering spreads, and options.
The SEC needs to be investigating trades around tariff tweets, specific commodities etc.
If not, then the average investor is getting screwed ...again by these grifters in the Oral Office.