China Feeling Pain - Trump Likely To Pause After First Round of Tariffs

One Option Trading Blog https://ift.tt/2lXgDhm Posted 9:30 AM ET - The market wants to go higher but tariff threats are creating volatile conditions. In the last hour of trading on Tuesday the market dropped and investors reduced risk ahead of the deadline. The US will impose tariffs on Chinese steel and aluminum tomorrow. China said it will retaliate immediately. This tit-for-tat could escalate, but the market is giving Trump the benefit of the doubt. November mid-term elections are only a few months away and Trump's popularity is on the rise. He needs to maintain that momentum so that Republicans can gain Senate seats and maintain control …