Announcement forthcoming with the expectation of 10% on $200 billion.

The S&P is down -12.34 points

The Nasdaq is down -83.11

Dow is down about -66 points.

The USDJPY, AUDUSD and NZDUSD are dipping a bit (only a few pips so far).

Trump adds:

  • Trump has great respect for Chinese president XI, but US trade deficit too big and we can't do that anymore
  • economic numbers are even better than we thought
  • believes Kavanaugh's nomination remains very much on track