On 25/10/2018 08:20, Bod wrote:
Some companies, including industrial bellwether Caterpillar (CAT.N),
have already warned about the impact on business from U.S. import tariffs.

€œNow that markets have some element of the confirmation that tariffs are
bringing actual impact to U.S. corporates, there may be a snowflake
causing the avalanche scenario as just another factor of worry that now
needs to be taken into consideration,€� said James Stanley, market
strategist at DailyFX.

https://uk.reuters.com/article/us-gl...-idUKKCN1MY33R


Trader and myself have been warning that Trump's policies (especially
his trade war) will all end in tears.
The tears are starting to flow.

The Trump administration cut more than $25 million worth of bailout
checks to the agriculture industry in September, just a few months after
the president announced a $12 billion aid package for US farmers coping
with retaliatory tariffs that foreign countries have imposed on their
products.

But now its clear that the tax subsidies wont just help US farmers €”
theyll help their foreign competitors too, and will likely benefit many
of the countries Trump is supposedly targeting.

The news is the latest twist in the presidents trade war with China,
which was supposed to help American workers and businesses but has been
hurting them instead. Trumps trade war is failing, and hurting the US
economy, and he doesn't seem to care.

https://www.vox.com/2018/10/23/18013...-steel-tariffs

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Bod