President Trump’s “Sanity Check” On The Market

President Trump has threatened to cancel his planned meeting with President Xi Jinping on October 31 in South Korea at the Asia-Pacific Economic Cooperation summit. Responding to the October 9 announcement by Beijing that it was imposing new restrictions on refined rare earth minerals – and technology used to refine them – President Trump suggested that a massive increase in tariffs on China may be coming. Markets have reacted sharply to President Trump’s rhetoric, with a significant selloff in stocks.