Amid optimism over next week’s scheduled U.S./China trade talks, prospects for a more accommodative Fed, the impeachment noise, and a crazy volatile week for stocks, the following didn’t receive nearly enough fanfare in my opinion. And, for me, frankly — given the now-obvious (although we’ve been warning about this since early ’18) nature of what has the U.S. economy threatening to catch down to much of the rest of the world — is probably the most chilling of recent developments:
“…the Trump administration announced new tariffs on billions of dollars of EU products starting Oct. 18.”
Bloomberg