Paul Tudor Jones says stock market will hit new lows even if Trump cuts China tariffs to 50%
By Yun Li, CNBC
Billionaire hedge fund manager Paul Tudor Jones said Tuesday that stocks are bound to hit new lows even if President Donald Trump tones down his aggressive tariffs on China.
“For me, it’s pretty clear. You have Trump who’s locked in on tariffs. You have the Fed who’s locked in on not cutting rates. That’s not good for the stock market,” Jones said on CNBC’s “Squawk Box.” “We’ll probably go down to new lows, even when Trump dials back China to 50%.”
