Loading ...Futures Tumble After Trump Says “Ready To Go” With $500BN In Tariffs On All Chinese Imports
Traders were cursing CNBC’s Joe Kernan for interrupting a quiet Thursday afternoon with an interview where President Trump finally laid into the Fed, declaring that he’s “not happy” about rising interest rates and the weakening yuan. The comments sent the dollar and stocks lower as the White House scrambled to issue “clarifications” asserting that the president “respects the independence” of the Fed.
It turns out CNBC had more footage from that interview, and in a clip released just after 6 am ET on Friday morning, President Trump said he’s “ready to go to 500” billion and slap tariffs on every single Chinese-made product entering the US.