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watch out if you are shorting ,,,


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#1 trioderob

trioderob

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Posted 09 May 2019 - 10:34 PM

there seems to be a built in time extension on the tariffs that could be very important for the markets

 

 

The administration bought a little extra time for talks to work: According to the filing Wednesday in the Federal Register, the tariff hike won't hit goods that have already left Chinese ports before Friday's deadline.

 

So the tariffs won't start taking affect until those shipments complete the three- to four-week voyage across the Pacific Ocean.

"This creates an unofficial window, potentially lasting a couple of weeks, in which negotiations can continue and generates a 'soft' deadline to reach a deal,"

 

Goldman Sachs said in a report Thursday.