The Tariff Wars Continue: Trump ups the ante

Items subjected to tariffs.

In the never ending Tariff War between the United States and China, Trump just tweeted that the original 10% tariff on $300 billion dollars worth of Chinese goods, which goes into effect on Sept. 1, increased to 15%.  And, if that’s not enough, on October 1, the original 25% on $250 billion dollars worth of goods also increased to 30%.  

Of course, it’s Obama’s fault, said the “Chosen One.”

All of these latest developments occurred after China imposed a new round of  tariffs earlier today.

And, after Trump attacked his hand picked guy who heads the Fed, Jay Powell.

As a result of all this chaos and back and forth tariff attacks, the DOW closed -623.34 points in the red.

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