Donald Trump announced he will impose an additional 100% tariff on goods from China, on top of the 30% tariffs already in effect, starting November 1 or sooner. The threat is a massive escalation after months of a trade truce between the two nations.
Trump’s announcement is tied to Beijing ramping up export controls on its critical rare earths, which are needed to produce many electronics. As a result, Trump appeared to call off a meeting with Chinese President Xi Jinping that was scheduled for later this month in South Korea.
The scam is you can’t time the market - unless you are the person who sways the market. So he lets his buddies know what he is about to do so they can buy puts as the market crashes then they buy calls when he reverses. He was on video bragging about how Charles Schwab made over a billion dollars in one day because he had insider information.