Trump says that other countries are taking advantage of the US on trade

Part two of Trump's interview with the CNBC is being released now

  • The economy is as good as it's ever been
  • Don't agree with Powell's decision to raise interest rates
  • "Not thrilled" and "not happy" that Fed is raising rates
  • Ready to put tariffs on all $505 billion of Chinese imported goods
  • Tariffs on China isn't politically motivated
  • "I'm doing this to do the right things for our country"
  • "We have been ripped off by China for a long time"
  • Meeting with Putin was not always conciliatory

He's threatening China with more tariffs yet again. So far, we're not seeing any sharp reaction in the market. There was a mild dip in S&P 500 futures on the headlines but nothing more than that so far. The FX market remains calm.

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