Stocks, Yuan, Bond Yields Crash On Reports Dec 15th Tariffs “Going Forward”

Well that escalated quickly…

Stocks are accelerating their losses after reports from Fox News that the December 15th tariffs are still going forward…

Trade Sources tell me the Dec 15th tariffs on basically the rest of what China imports into the US are still going forward as of today. I was told the caveat is if Phase One trade deal gets on paper or something else positive happens President could choose not to impose tariffs

— Edward Lawrence (@NewsEdward) December 3, 2019

Dow futs are down 900 points from Sunday night highs…

Yuan is collapsing…

Source: Bloomberg

And Treasury yields are plunging…

Source: Bloomberg