Fears of a trade war between the United States and China have returned to Wall Street.
Futures were down sharply this morning before the market opened at 8:30 because of continuing trade tensions between the two countries. KTRH Money Man Pat Shinn says he doesn’t see this as a long term problem.
“I think at the end of the day the United States and China will make a deal. This will all subside and business will go back to being business as usual,” Shinn explained.
President Trump tweeted over the weekend that he would increase tariffs on China from 10 to 25%.