Thursday, March 8, 2018

Stocks Give Up Gains As Trump Confirms Tariffs, No Carve-Outs

Stocks are sinking back into the red after President Trump confirmed that "we"re sticking with 10/25 tariffs," adding that "if a [NAFTA] deal is reached, tariffs could change later," seemingly suggesting that the first draft will be global tariffs, with no initial carve-outs.



Stocks are not happy...





 



WTI/RBOB are also sinking...





 



As the dollar extends its gains...



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