President Trump launched Tariff War 2.0 yesterday. And we haven’t even wrapped up Trade War 1 yet.
The president shocked markets when he announced a 5% tariff on all Mexican products in an effort to force Mexico to do more to stop the flow of illegal immigration into the US. In this episode of the Friday Gold Wrap, host Mike Maharrey gives you the details and talks about the impact of these new tariffs on the markets. He also discusses what the bond market is telling us about a looming recession, some interesting news out of Russia, and the latest goings-on in the silver market.
The US Treasury plans to borrow another $425 billion in the final quarter of 2018, bringing total borrowing for the year to $1.34 trillion, according to a Treasury Department press release.
The 2018 borrowing level is expected to more than double 2017’s number.