The probability of US raising import tariffs on Chinese goods to 25% from the current 10% is higher than 50%, DoubleLine CEO Jeffrey Gundlach told CNBC on Tuesday. Key quotes “Both the premier of China and the president of the United States want to come across that they prevailed and didn’t give in. I think you’ve got an irresistible force meeting an immovable object.” “The market obviously doesn’t want increased tariffs, so it’s been kind of reacting to that.” “Believes the US stocks are in a bear market a the NYSE composite index has fallen over 20% and has failed to return to its high.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China’s trade balance (CNY): Surplus expands less than expected in April FX Street 3 years The probability of US raising import tariffs on Chinese goods to 25% from the current 10% is higher than 50%, DoubleLine CEO Jeffrey Gundlach told CNBC on Tuesday. Key quotes "Both the premier of China and the president of the United States want to come across that they prevailed and didn't give in. I think you've got an irresistible force meeting an immovable object." "The market obviously doesn't want increased tariffs, so it's been kind of reacting to that." "Believes the US stocks are in a bear market a the NYSE composite index has fallen over 20% and has… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
