Tariffs: Trump and Gundlach

tariffs: The Trump administration has threatened to raise tariffs on 200 billion of Chinese goods to 25% from 10% early Friday, according to Market Watch. Trump also said the U.S. would place tariffs on the rest of the 325 billion of untaxed Chinese imports at the 25% rate. In an interview with CNBC, Gundlach said the Trump administration and Beijing policy makers were unlikely to cede ground in recent trade negotiations, raising the risk that trade tensions could last longer than investors anticipate. Gundlach estimated the chance that the U.S. would follow through at more than 50%. The market obviously doesn't want increased tariffs, so it's been kind of reacting to that, said Gundlach. Before this week, market participants had mostly assumed a deal to resolve longstanding trade tensions between Washington and Beijing would arrive soon. Equities have retreated over the last two sessions as investors were blindsided by the possibility of another trade spat. (news.financializer.com). As reported in the news.