Trump take retirement
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Turns out an impulsive NewsMax uncle firing off microblogs on a social media site nobody else uses is not a great way to make policy:
US President Donald Trump threatened a “massive increase” of tariffs on China on Friday, arguing it was necessary to “financially counter” new rare earth export controls that China has imposed on America.
Posting on Truth Social, Trump said that there was no way that China “should be allowed to hold the World “captive”″ over its export policies. He added that Beijing’s new policy meant that there was “no reason” to hold a planned meeting with Chinese leader Xi Jinping in South Korea later this month.
Stocks dropped on the announcement, with the S&P 500 falling as much as 1.7%.
Hey, anyone remember MAJOR QUESTIONS DOCTRINE?