- The U.S. has the upper hand on China, President Trump said at a weekend rally outside Columbus, Ohio, adding that Chinese stocks are down and weakening that nation's bargaining power in an escalating trade war.
- The duties are working "big time," he declared, suggesting they will allow paying down “large amounts of the $21T in debt that has been accumulated" while reducing taxes for Americans.
- Over the weekend, Chinese state media accused the U.S. of blackmail and said its most recent retaliatory tariffs on $60B of U.S. goods showed rational restraint.
- ETFs: FXI, KWEB, ASHR, YINN, CAF, EWH, CQQQ, YANG, MCHI, GXC, CYB, FXP, PGJ, CN, KBA, TAO, CHIQ, HAO-OLD, CHIX, TDF, QQQC, CNY, PEK, CHN, CWEB, CXSE, CHAU, XPP, CNXT, ASHS, AFTY, CHAD, FCA, YAO, YXI, GCH, FXCH, ECNS, CHIM, CHII, CHIE, KFYP, EWHS, JFC, FCHI, OBOR, ASHX, CNYA, FHK, HAHA, XINA, CNHX, KGRN, FLCH, FLHK, WCHN
- Now read: The U.S.-China Trade War's End Gets Dimmer
Original article