A report early this week in the WSJ highlighted that China doesn’t think Trump will let the US stock market fall in a trade war and that’s tough to argue with given his comments today. On Fox Business he called 100% tariffs on China unsustainable and repeatedly said everything will be fine while also indicating he didn’t know what would happen.
That’s been good enough to lift US stock futures back to flat on the day. S&P 500 futures had been 80 points lower a few hours ago and are now nearly flat.
This article was written by Adam Button at investinglive.com.