Volatility up 20%+ on Trump Trade Wars.
So, it's around 9.20am Chicago time and volatility's already up 20% on EU retaliatory tariffs and Trump's threat of more tariffs to come.
Many US stocks, including techs, are down 2% to 8%.
The largest US listed Chinese stocks are down between 3% and 5%.
As if tariffs were not enough, we are also expecting to see a banning of certain Chinese investments (depending on level of Chinese ownership and other measures) in US 'industrially significant technology' - and we should know more about those details on 30 June.
For the moment, it's a 'tit for tat' exchange between the US and China/EU/Canada etc., with the US not giving anything away, so far.
US, European and UK equities markets are all down for the moment.
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