WALL STREET SHOULD BE PREPARED FOR MORE TARIFFS ON CHINESE GOODS | WHAT REALLY HAPPENED

WALL STREET SHOULD BE PREPARED FOR MORE TARIFFS ON CHINESE GOODS

As Wall Street celebrates what will likely be an interest rate cut later this week, it should also sober up fir more bad economic news. The chances of increased tariffs on Chinese goods are incredibly high and some say the only way to save the economy from the trade war is to lower rates.

Analysts say that if the trade war continues, the destruction of the economy will also continue necessitating the interest rate cuts, which the Federal Reserve has stated will only go down a quarter of a point. CNBC’s Jim Cramer pointed out on Tuesday that investors should be prepared for the United States to slap another round of tariffs on Chinese imports.

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