Stocks, Yuan Tumble On Report US To Announce Tariffs On All China Imports If Trump-Xi Meeting Fails | WHAT REALLY HAPPENED


Stocks, Yuan Tumble On Report US To Announce Tariffs On All China Imports If Trump-Xi Meeting Fails

It has been a while since the market was reminded of how quickly and violently it can be rocked as a result of Trump's mood swings, and moments ago it got a quick refresher when Bloomberg reported that the U.S. is preparing to announce by early December tariffs on all remaining Chinese imports if next month's talks between presidents Donald Trump and Xi Jinping fail to ease the trade war.

As Trump had threatened previously, the latest tariff list would would apply to all imports from China that aren’t already covered by previous rounds of tariffs which would add up to $257 billion using last year’s import figures.

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