There are rumors that a White House adviser has stated that tariffs on Chinese goods could rise to 50 or 100%. CNBC’s Kayla Tausche says another Republican adviser has reported that Pillsbury is acting arbitrarily and creating tension among the Treasury and State Department, but Trump likes his harsh rhetoric. Creates more freedom to negotiate.
Stocks turned the direction to fresh bottoms, but movements so far have been limited.
Trader Martin Nikolov