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Breaking: Trade Deal With China May Be Dead, Trump Raises Tariffs

Breaking:  Trade Deal With China May Be Dead, Trump Raises Tariffs
Image by DonkeyHotey

Donald Trump surprised financial markets today with a pair of tweets showing the trade negotiations with China have hit an impasse. It seems POTUS is bringing in the big guns to help the Chicoms make a deal.

With the tariff rate on numerous goods originally set at 10% and set to more than double in 2019, Trump postponed that decision after China and the US agreed to sit down for trade talks; following Trump’s tweet it is now confirmed that trade talks have hit an impasse and that escalation will be needed to break the stalemate, reported Zero Hedge.

Developing…

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