Here we go again.
President Trump tweeted about imposing new tariffs on China during midday trading Thursday, Aug.
Here's what Trump had to say.
...during the talks the U.S. will start, on September 1st, putting a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China into our Country.
This does not include the 250 Billion Dollars already Tariffed at 25%... — Donald J.
Trump (@realDonaldTrump) August 1, 2019 Now, if the tariffs go into effect Sept.
1, what is the first thing that investors need to do?
Stephen Guilfoyle, Real Money contributor, weighed in on what investors can do to protect themselves.
"Well for investors it's a kick in the gut, it's a month out, right?
It's September 1st.
So the president has given the Chinese the chance to react to this.
I don't know if it'll shake any trees.
We never actually got to imposing those tariffs on Mexico.
I don't compare this to Mexico.
Obviously, the stocks are reacting negatively," said Guilfoyle.
"So you've got to focus on the stocks that are the most greatly impacted like this within the tech sector, let's say the semi's, obviously this hurts them very badly," he continued.
Don't Fret an Earnings Recession and Keep an Eye on These Market Catalysts