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The president is now threatening an additional 50% tariff on Chinese imports, which would bring China’s tariff level to approximately 104%.

A manic market Monday

Wall Street on Monday endured a frantic opening bell selloff, a false tweet rally and then more bad news from President Donald Trump on the trade war front. And that was all before noon.

Trump is refusing to give in on his reciprocal tariffs, a market collapse be damned. The president is now threatening an additional 50% tariff on Chinese imports, which would bring China’s tariff level to approximately 104%.

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Shape the future of Texas at the 15th annual Texas Tribune Festival — Texas’ breakout ideas and politics event happening Nov. 13–15 in downtown Austin. Be there for a deep dive into the ideas and actions transforming our state.

 

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Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.

Presented by The Texas Tribune Festival

Shape the future of Texas at the 15th annual Texas Tribune Festival — Texas’ breakout ideas and politics event happening Nov. 13–15 in downtown Austin. Be there for a deep dive into the ideas and actions transforming our state.

 

Get Tickets