The threats have now been replaced by the reality… Here comes the trade war… lovely, just lovely. Exactly what we as traders need… note – this is pure sarcasm.

In response to the Trump administration’s decision to slap tariffs on the EU and Canada and Mexico, (steel and aluminum), the EU will launch a WTO case while Mexico has just announced it will impose retaliatory duties.

More market mayhem…. up goes the VIX…

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