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US Equity Futures Tumble As US Readies $200 Billion China Tariff List

Courtesy of ZeroHedge. View original post here.

Just when you thought it was safe to BTFTrade War Dip, a headline hits to remind you that President Trump is anything but done with China.

Bloomberg reports that President Donald Trump is preparing to release a list of an additional $200 billion in Chinese products to be hit with tariffs, according to two people familiar with the matter.

"The list could be released as soon as Tuesday, and likely this week", according to Bloomberg sources. The publication of the list starts a weeks-long process that includes a public-comment period and hearings.

The potential unveiling comes as Trump is stil considering imposing duties on another $16 billion in Chinese goods, following a public hearing later this month. China, of course, as vowed to retaliate tit-for-tat and dollar-for-dollar to all future US tariffs.

The immediate result: Dow futures plunge 200 points in the blink of an eye.

And all major equity futures drop.

And so did the 10Y Yield.

And USDJPY dropped below 111.00

The new list would mark the latest escalation of the trade war between the world’s two biggest economies.

It appears that the market's brilliant extrapolation of "no more trade wars" as a result of a 3 days silence (of which 2 was during the weekend) may have been wrong.


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