Danielle Kaye of the New York Times reports on a recent Bank of America survey that shows global investors have dumped a record amount of U.S. stocks in the past two months. Trump insists that the U.S. has been bringing in $2 billion a day in tariffs, some of which he claims comes from his new levies, but, in fact, Lori Ann LaRocco of CNBC reported today that U.S. Customs and Border Protection says the U.S. is taking in only $250 million a day.
Leila Fadel of NPR reports that China used to buy more than half the U.S. crop of soybeans and now soybean farmers are gravely concerned they’re going to lose that market. At the same time, we are heading in the prime months for the U.S. tourism industry, and Bloomberg reports that a worst-case scenario by the Goldman Sachs Group Inc. estimates that the U.S. could lose almost $90 billion as foreign tourists stay away from the U.S. and boycott American products.
https://www.marketwatch.com/story/fund-managers-have-never-turned-so-pessimistic-this-quickly-on-u-s-stocks-a-survey-finds-807e3119