Basis Points, written by CJ MacDonald, is our regular market commentary updates, generally sent on Tuesdays and Thursdays, to provide a quick digest of economic perspective.
C.J. MacDonald, CFA
Senior Vice President
Westwood Wealth Management
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Above the Fold
The equity market traded sharply lower this morning, after the Trump administration’s latest threat to China increased fears of an impending trade war between the world’s largest economies. Trump asked the United States Trade Representative to identify $200 billion worth of Chinese goods for additional tariffs, at a rate of 10 percent. If China “refuses to change its practices” and insists on continuing with the new tariffs it recently declared, then the additional levies would be imposed on China.
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