Trump Goads China After Beijing Retaliates In Global Trade War [Barron's]
Stellantis N.V. Common Shares (STLA)
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Source: Barrons
"China played it wrong, they panicked -- the one thing they cannot afford to do!" Trump posted on Truth Social, writing the message in his trademark all-caps. For a second day, markets plunged, wiping vast sums off investment and retirement portfolios alike. Wall Street opened with steep selloffs, both the Dow Jones and S&P 500 losing close to three percent. Frankfurt and London sank more than four percent, while Tokyo's Nikkei closed 2.8 percent down. Trump, who unveiled his barrage of import duties against countries all over the world on Wednesday, was unrepentant, posting that "my policies will never change." "This is a great time to get rich, richer than ever before," he wrote. The 78-year-old Republican, who was spending a long weekend golfing at his course in Palm Beach, Florida, is banking on the theory that the sheer might of the world's biggest economy will force foreign companies to manufacture on US soil, rather than continue to import goods. However, China res
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