Stocks Could Continue Lower as Tariff, Dollar Risks Remain
June 16, 2018 / Justin Kuepper
Traders can expect more volatility this week following President Trump's tariffs on Chinese goods and the strengthening of the U.S. dollar. President Trump announced a 25 percent tariff on $50 billion worth of Chinese goods that contain "industrially significant technologies" last Friday, which many experts believe could mark the beginning of a trade war between the U.S. and China. The White House indicated that it would impose tariffs on aerospace, robotics, and machinery in response to the "unfair practices related to the acquisition of American intellectual property and technology."