FYI: More saber rattling between China and the U.S. did little to distract the market.
On Tuesday, President Donald Trump reiterated his hard-line stance on China during a news conference with Polish President Andrzej Duda and said the U.S. had “no choice” but to levy another $267 billion in duties on China. That would come on top of announced tariffs on about $200 billion in Chinese goods announced late Monday. China responded with tariffs of 5% to 10% on $60 billion worth of U.S. products that will take effect Sept. 24, and said it may introduce more measures if the U.S. goes ahead with higher tariffs.
This seems to be the prevailing thought process, hence after the initial hang wringing Wall Street doesn’t seem too concerned anymore:
Regards,
Ted
https://www.stocktrader.com/2018/09/24/weekly-market-recap-sep-23-2018/
