President Trump did it again…he really implemented the tariffs against China.
To add insult to injury, he also upgraded relationship with Taiwan (that received a stern warning from Chairman Xi just the day before).
We still lack the details, but the market took it very badly.
Hopefully this is the usual negotiating tactic from Trump. Already with the steel tariff, after the broad salvo, the administration is excluding allies as Canada, Mexico, Australia and EU.
So most likely is a negotiating tactic with China, but it will also depend on how China will respond to the double insult.
Market wise a re test of the February lows is highly likely, as my clients know from quite a while.
investorpolitico 