You are here
Trump's new tariffs may set stage for more Fed rate cuts
By Ann Saphir and Richard Leong
Reuters
Friday, August 2, 2019
U.S. President Donald Trump's surprise move on Thursday to impose new tariffs on Chinese imports has thrown the Federal Reserve another curveball that may force the central bank to cut interest rates more than it had hoped was necessary to protect the U.S. economy from trade-policy risks.
In a series of tweets, Trump said he will slap 10% tariffs on $300 billion of Chinese imports starting Sept. 1, saying he was unsatisfied with the pace of trade negotiations between the two superpowers.
... Dispatch continues below ...
The Safest and Most Efficient Way to Own
Gold and Silver in the United Kingdom
GoldCore's mission statement since 2003 has been to protect and grow the wealth of our clients, and given the growing risks in the United Kingdom and internationally, we have put together for clients who are tax-resident in the United Kingdom an exclusive gold and silver offer free of capital gains tax.
On all lump-sum and pension investments worth more than GBP 10,000 in gold and or silver (capital gains tax-free gold and silver Britannias and gold Sovereigns) stored in Zurich you will benefit from free secure storage for six months. We also will send you one British legal-tender silver bullion coin, a beautiful 1-ounce silver Britannia.
Please visit GoldCore here for more information about this offer:
GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals.
Email the GoldCore team at info@goldcore.com or call our trading desk:
UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010.
Visit us at:
Some $250 billion of Chinese imports are already subject to a 25% duty aimed at pressuring the world's second biggest economy to strike a trade deal.
The president's mid-afternoon bombshell sent stock markets tumbling and Treasury bond yields plunging to their lowest levels in nearly three years.
It unleashed frantic buying in interest rate futures markets that 24 hours earlier had been scarred by Fed Chair Jerome Powell's indication that Wednesday's quarter percentage point interest rate cut - the first since the financial crisis - was not intended as the start of a lengthy easing cycle.
By the close of trading on Thursday, however, markets had restored full expectations that the Fed indeed would need to ease policy substantially more from here. ...
... For the remainder of the report:
https://www.reuters.com/article/us-usa-fed-futures/trumps-new-tariffs-ma...
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Friday-Monday, November 1-4, 2019
https://neworleansconference.com/noic-promo/powellgata/
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
