On 6 May 12.08 AM, Donald J. Trump threatened to raise tariffs on China export to USA from 10% to 25% on Friday on US$200 billion goods and 25% on untaxed goods from China not already subjected to tariffs. The President felt that the trade negotiation with China is going too slowly.
Just one tweet by Trump after midnight and the stock markets slumped in the morning, Asian time.
Shanghai Composite dropped 5.34%
Hang Seng Index dropped 3.31%
Straits Times Index dropped 3.22%
(At 1.24 pm.)
See what happen in the next few days to see whether the stock sell-off is sustained.
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