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SH - Technically Speaking: 'Trade War In May And Go Away'
ProShares Short S&P500
Over the weekend, President Trump decided to reignite the "trade war" with China with two incendiary tweets. Via WSJ:
"In a pair of Twitter messages Sunday, Mr. Trump wrote he planned to raise levies on $200 billion in Chinese imports to 25% starting Friday, from 10% currently. He also wrote he would impose 25% tariffs 'shortly' on $325 billion in Chinese goods that haven't yet been taxed.
'The Trade Deal with China continues, but too slowly, as they attempt to renegotiate,' the president tweeted. 'No!'"
This is an interesting turn of events and shows how