U.S. stocks finished lower Monday even in the wake of a dramatic comeback after President Donald Trump threatened over the weekend to increase tariffs on $200 billion of Chinese goods, raising fresh fears about a market-disruptive clash between the world’s largest economies.
For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods. These payments are partially responsible for our great economic results. The 10% will go up to 25% on Friday. 325 Billions Dollars.... What were analysts saying? “If there is one thing the markets dislike, it is the unexpected, and Trump’s tweet caught the markets completely off-guard, sending investors into a risk off frenzy,” said Jasper Lawler, head of research at London Capital Group, in a note to clients. “We know from experience that this could be one of Trump’s infamous negotiating tactics, but there is a good chance that this time it will backfire.
Which stocks were in focus? Shares of Kraft Heinz Co. KHC, +0.58% rose 0.6%, shrugging off news that the food company will have to restate the financial statements in its annual reports for 2016 and 2017, and for each quarterly period for the first nine months of 2018, as it continues to investigate “certain misstatements.”
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