berg80
Diamond Member
- Oct 28, 2017
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Stock futures rise after Commerce Secretary Lutnick suggests possible compromise on Trump tariffs
U.S. stocks slid for their second day in a row after President Donald Trump’s new 25% tariffs on Canada and Mexico officially took effect on Tuesday. In response, Canada, Mexico and China — with China hit by an additional 10% duty — have prepared retaliatory measures.However, Commerce Secretary Howard Lutnick said on “Fox Business” on Tuesday afternoon that the U.S. might meet Canada and Mexico somewhere “in the middle” to “work something out” on tariffs.
“The thing that we have emphasized over and over again is that Trump introduces uncertainty. We now are at a point where a single tweet or a single release of information can significantly change the interpretation of what markets look like,” said Michael Green, chief strategist at Simplify Asset Management.
The near universal "WTF" reaction to trump's imposition of tariffs is already causing the WH to reconsider. If you are a businessman trying to make future plans for your biz it has to be frustrating to have such an indecisive prez who the people speaking for him say may change his mind at any time.....................or not.