The stock market fears more trade retaliation from China is coming next week
On Friday, we had positive news on trade related to delaying tariffs on European auto imports and eliminating steel and aluminum tariffs for Mexico and Canada, but the markets didn't move much. Traders are concerned there is another shoe to drop: more retaliatory measures from China, which may or may not come in the form of tariffs. On Friday, we had positive news on trade related to delaying tariffs on European auto imports and eliminating steel and aluminum tariffs for Mexico and Canada.