“It took some time for investors to finally shake off their complacency and show their discomfort with the reality of higher tariffs. The mid-June headlines indicating the U.S. would impose $50 billion of tariffs on Chinese exports helped end their lethargy. In fact, on July 1st only $34 billion will be implemented and principally on agricultural and industrial machinery. The remainder of the increase—partially on semi-conductors—will be delayed and subject to future hearings. China responded with similar tariff amounts primarily On U.S. agricultural products.”
Click below to read the latest article from SkyView Investment Advisors Chief Investment Strategist, Andrew Melnick, and hear his thoughts on today’s markets.