Anyone who was hoping for a quiet end to the week is currently having a panic attack, as first China announced new tariffs on the US, then Powell's J-Hole speech came and went, and then, as we expected, Trump responded to China's trade war escalation when in a barrage of 4 tweets he lashed out at Beijing, saying "We don’t need China and, frankly, would be far better off without them", and ordered "Our great American companies... to immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA."
He also ordered "all carriers, including Fed Ex, Amazon, UPS and the Post Office, to SEARCH FOR & REFUSE, all deliveries of Fentanyl from China (or anywhere else!). Fentanyl kills 100,000 Americans a year. President Xi said this would stop - it didn’t..."
To read more visit Zero Hedge.
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