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Lie of the Day: Trump Hikes China Tariffs By 10%, Says “Trade Talks On Track”

Summary:
Trump says trade talks with China are on track for September. Tariff hikes are proof they aren't. Stocks reversed. Trade Tweet Series ​ ​ ​ ​ The Wall Street Journal reports Trump to Impose Additional 10% Tariff on Chinese Goods. Gotta Love the Subtitle "President says next round of trade talks With Beijing are still on track for September." What a hoot. The stock market reversed sharply as did gold. Bond yields crashed. Manufacturing is already weak. This won't help. Mike "Mish" Shedlock

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Trump says trade talks with China are on track for September. Tariff hikes are proof they aren't. Stocks reversed.

Trade Tweet Series

The Wall Street Journal reports Trump to Impose Additional 10% Tariff on Chinese Goods.

Gotta Love the Subtitle

"President says next round of trade talks With Beijing are still on track for September."

What a hoot.

The stock market reversed sharply as did gold. Bond yields crashed.

Manufacturing is already weak. This won't help.

Mike "Mish" Shedlock

Mike Shedlock
Mike Shedlock (Mish) is a registered investment advisor representative for SitkaPacific Capital Management (http://www.sitkapacific.com/). Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

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