Trump threatens 200B more in tariffs; Kim Jong Un back in Beijing; US Senate wants to kill ZTE; Xiaomi cuts IPO valuation & postpones CDR; Income tax cut coming; Huayi Brothers may be in trouble
| Jun 19, 2018 | Subscriber's post | 3 | 13 |
It is an unhappy Tuesday for global markets, most of which are down sharply after the announcement late Monday that President Trump directed the US Trade Representative to "identify $200 billion worth of Chinese goods for additional tariffs at a rate of 10%". The announcement did not specify timing but the size of the threatened escalation (if not the t…