Reuters with the report:
- Trump expected to direct "pretty significant action" on tariffs against China -administration official
- Trump tariffs on China expected to affect around $50 billion in Chinese goods -administration official
- Treasury's Mnuchin is arguing against imposition of China tariffs in white house trade meeting -official
- Trump does not see china's influence over North Korea as a compelling reason not to impose tariffs -official
I gave a heads up on this two days ago. Let's see what results. The impact on 'risk' of further trade tension escalation will be blunted somewhat by the moves in currencies overnight on Dr. Draghi. Maybe stocks are vulnerable though.
EUR/USD making new lows now though …
