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Trump Imposes 10% Tariffs On China

|About: SPDR Dow Jones Industrial Average ETF (DIA), UDN, USDU, GLD, OIL

Trump imposed another 10% of tariffs on $300 billion of Chinese goods.

You know what this means:

- lower GDP

- higher inflation and gold prices

- lower oil prices

- weaker USD

- higher trade deficits

Powell didn't manage to weaken the U.S. dollar so Trump is now doing it himself with the only weapon he has: "tariffs".