Trade War Trade Options + Support & Resistance Levels 7.10.2018

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Trade war Trade Options

By Dan Keegan

In the 2016  presidential election, Donald Trump’s two main issues were immigration and unfair trade practices. Immigration has continued to be a hot issue since President Trump was inaugurated in January of 2017. The Perdue-Cotton bill arguing on behalf of favoring skilled workers as immigrants led the news for a while.

The Deferred Action for Childhood Arrivals (DACA) fix that looked like it was going to sail through before it was derailed is yet another example. Lastly, the border wall has been a constant source of debate. It does appear to be all talk, however. Congress only appropriated only $1.6 billion for the construction of the wall.

The issue of unfair trade practices seemed to be dead in the water. Trump’s economic team’s history was cool to the idea of tariffs. Every time the President brought up the subject they were able to diffuse the subject. Peter Navarro, a trade war champion, was able to circumvent the President’s economic team and get Trump’s ear. On March 8, 2018, Trump announced a 10% tariff on imported aluminum and a 25% tariff on imported steel. This was good for steel and aluminum producers but not so great for the manufacturers who used steel and aluminum.

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Futures Trading Levels

07-10-2018

Economic Reports, source: 

http://app.bettertrader.co 

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