Wall Street has continued to sink on the doubly whammy
Wall Street has continued to sink on the doubly whammy of tariff concerns and weaker than expected data. Amid the ongoing tariff imbroglio and the threat of retaliation from China over the human rights bill, angst has picked up again on today's news that tariffs on steel and aluminum from Argentina and Brazil are being increased. Additionally, Commerce Secretary Ross repeated to Fox News that tariffs on China would be increased on December 15 if a deal is not reached. European bourses are sharply weaker too. And exacerbating some of the woes, additional monetary policy accommodation is being priced out, though there's speculation of increased fiscal stimulus.