According to 4 people familiar

A report from 4 people familiar with the situation, Pres. Trump told aides to proceed with the $200B of additional tariffs on China exports to the US. This is on top of the $50B already being enacted.

This is consistent with the comments from Pres. Trump yesterday.

  • US stocks have moved lower.
  • The USDJPY moved lower
  • AUDUSD and NZDUSD are getting hit too.