Opinion | There’s a revealing puzzle in the China tariffs

By Lawrence H. Summers Lawrence H. Summers Bio Follow May 14 at 6:56 PM On Monday, China announced new tariffs on $60 billion of U.S. exports, and the United States threatened new tariffs on up to $300 billion of Chinese goods. These actions were cited as the principal reason for a decline of more than 600 points in the Dow Jones industrial average, or about 2.4 percent in broader measures of the stock market. With the total value of U.S.

There is the further consideration that reasonable market participants should not have entirely discounted the possibility of tariff increases Monday and that there surely remains some chance a trade deal will be reached. So, in fact, the market should not even have moved in full proportion to the change in corporate profitability associated with new tariffs.

A larger part of the answer probably lies in the idea that the current trade conflict is a possible prelude to a far larger conflict between the two nations with the largest economies and greatest power for as far as can be foreseen.

I’m not going to read your Opinion piece, because I wouldn’t believe it anyway

Fox makes a whole lot of money from ads purchased by the sellers of Chinese goods. How soon until the Chinese start negotiating with the Murdoch’s?

After bull market, people always look for excuses to cash in market.

Well for most people stock markets are irrelevant !

Here's the puzzle China is not the only country that we can import from! Singapore, Thailand, South Korea...... We have way more leverage than China does! believethat

Revealing Puzzle : China,s fat American $ filled wallet hurts...and they like it very little..

Literally ... 👇

I don’t know about any puzzle but I do find it odd that you prefer we lose $500bn per year to avoid paying $.002 extra for a pair of chinese tube socks. TariffMan ChinaTariffs

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