Trump Delays Chinese Tariffs, is He Just Postponing the Inevitable?

Posted On August 16, 2019 2:10 pm
By: Steve Smith

Two weeks after Trump’s August 1st tweet stating he would impose a new round of tariff on Chinese imports starting September 1st his lackeys were forced to backtrack delaying move until December 15th. The pressure from a variety of businesses and advisors explained the new tariffs would hit U.S. consumers in the pocketbook.

Trump explained his reversal stating that he didn’t want to ruin Christmas by causing an increase in prices on popular gifts such as laptops, phones, clothes and basic toys. Of course, this…

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About author

Steve Smith

Steve Smith have been involved in all facets of the investment industry in a variety of roles ranging from speculator, educator, manager and advisor. This has taken him from the trading floors of Chicago to hedge funds on Wall Street to the world online. From 1987 to 1996, he served as a market maker at the Chicago Board of Options Exchange (CBOE) and Chicago Board of Trade (CBOT). From 1997 to 2007, he was a Senior Columnist and Managing Editor for TheStreet.com, handling their Option Alert and Short Report newsletters. The Option Alert was awarded the MIN “best business newsletter” in 2006. From 2009 to 2013, Smith was a Senior Columnist and Managing Editor for Minyanville’s OptionSmith newsletter, as well as a Risk Manager Consultant for New Vernon Capital LLC. Smith acted as an advisor to build models and option strategies to reduce portfolio exposure and enhance returns for the four main funds. Since 2015, he has worked for Adam Mesh Trading Group. There, he has managed Options360 and Earning 360, been co-leader of Option Academy, and contributed to The Option Specialist website.