Why Investors Shouldn't Be Surprised at China's Tariff Retaliation
And the trade headlines are back... China announced retaliatory tariffs on 5% to 10% on another $75 billion worth of U.S. goods, including oil, effective Sept.
1, as well as resuming 25% tariffs on U.S. autos, effective Dec.
"In response to the measures by the U.S., China was forced to take countermeasures," the Chinese State Council said in a statement on Friday.
"The Chinese side hopes that the U.S. will continue to follow the consensus of the Osaka meeting, return to the correct track of consultation and resolve differences, and work hard with China to end the goal of ending economic and trade frictions." President Trump took to Twitter to respond to China's retaliation.
....better off without them.
The vast amounts of money made and stolen by China from the United States, year after year, for decades, will and must STOP.
Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing..
— Donald J.
Trump (@realDonaldTrump) August 23, 2019 Watch to see what Jeff Marks, who is filling in for Jim Cramer Friday, has to say about the tariffs.
Bull Market Fantasy @BullMktFantasy Disrupting the World of Fantasy Sports Cramer Confessional: Jim Cramer's One Fantasy Drafting Regret Cramer's Fantasy Football Draft Got a Little Crazy - Watch Jim Cramer Breaks Down His Top Lesson From His Fantasy Draft Premium Pick: Jim Cramer: Want Proof of Economy's Strength?
Look to Home Depot Exclusive: CBD-Infused Happy Tea to IPO in January Cryptos: Bitcoin Is Still Nowhere Near Being Money Billionaire Club: Nepal's Only Billionaire Shares His Success Mantra Ask the Expert: Ask The Expert: Should You Add Gold to Your Portfolio?
TheStreet Explains: The Benefits of Using a Credit Card Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud Catch Up: Today's Top News Videos Below