CD Media
Markets

Markets Pause As Trump Tariff Threat Looms, Economy Slows

Markets Pause As Trump Tariff Threat Looms, Economy Slows
Screenshot Youtube

Commerce Secretary told Fox News in an interview today that President Trump will increase tariffs on China on Dec 15th if there is no deal signed by that time with Beijing. This development comes on the heels of Trump increasing tariffs on Brazil and Argentina for alleged currency manipulation at the expense of the American economy.

Markets sold off about 1% on the news.

“Well you have a logical deadline Dec. 15,” Ross told FOX Business’ Stuart Varney. “If nothing happens between now and then, the president has made quite clear he’ll put the tariffs in – the increased tariffs.”

Per economic indicators, U.S. manufacturing was mixed in November.

Markit Manufacturing PMI (Nov) came in at 52.6 vs 52.2 consensus estimate.

ISM Manufacturing PMI (Nov) came in at 48.1 vs 49.2 consensus estimate.

ISM Prices Paid (Nov) was reported at 46.7 vs 47 estimate.

Construction Spending MoM (Oct) was reported at -0.8% vs 0.4%.

Related posts

Media Continues To Push Economic Doom, When Evidence Supports An Uneven Recovery Ratcheting Higher

CD Media Staff

Manufacturing Continues To Explode In Trump Economy

CD Media Staff

Market Shrugs At News And Data…What’s Going On With Equities?

L Todd Wood

Leave a Comment

Subscribe to our evening newsletter to stay informed during these challenging times!!

Clicky