Implode-o-Meter News - Stocks snap 4-day winning streak after report Trump backs tariffs on $200 billion in Chinese goods

Bloomberg News reported that Trump told aides he supports moving forward with proposed tariffs on an additional $200 billion in Chinese goods. The report also said, however, that Trump has not made up his mind on the matter. The White House declined to comment on the report.
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Investors also watched as the U.S. and Canada tried to strike a deal on trade.

"We had some momentum when the U.S and Mexico struck a deal earlier in the week," said Ryan Nauman, market strategist at Informa Financial Intelligence. "But as the deadline approaches, people are getting a bit worried."''

David Stockman's comments on Trump's NAFTA "revamp", from this article, are pretty hilarious:

David Stockman, Ronald Reagan's budget director, described that agreement as an older version of NAFTA with Trump missteps sprinkled in. "There was never a problem with NAFTA anyway, and what he has done is basically remove the name and complicated the machinery [and] given a big wage increase to Mexican workers," Stockman told Bloomberg Television on Friday.

Relevant:

Stocks snap 4-day winning streak after report Trump backs tariffs on $200 billion in Chinese goods