Nasdaq futures have tumbled back into the red following remarks from President Trump that he is considering extending tariffs to China on the remaining $300 billion of goods.
Trump had already noted this during the night but this reiteration, during a post-D-Day celebration press conference with Macron sparked selling in stocks…
“Our talks with China, a lot of interesting things are happening. We’ll see what happens… I could go up another at least $300 billion and I’ll do that at the right time,” Trump told reporters before boarding Air Force One at the Irish airport of Shannon on his way to France for D-Day commemorations. He added that he thinks “China wants to make a deal and I think Mexico wants to make a deal badly.”
And now he has confirmed he would make the decision on further China tariffs in the next two weeks as G20 meetings loom.
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Author: Tyler Durden