Here's What Happens to Markets If U.S. Tariffs on China Kick in Dec. 15 -Bloomberg
"The Dec. 15 flashpoint on tariffs was thrown into sharp relief Tuesday when Trump said he sees no urgency to complete a deal, right after he threatened an assortment of trading partners with levies. 'If tariffs scheduled for Dec. 15 are implemented it would be a huge shock to the market consensus,' said Sue Trinh, managing director for global macro strategy at Manulife Investment Management in Hong Kong.
'Trump would be the Grinch that stole Christmas,' she said....It will be 'definitely risk-off across the screen,' Tongli Han, chief investment officer at Deepblue Global Investment, said in an interview with Bloomberg TV. 'What happened recently makes this trade deal more costly for Chinese leaders - so I'm seeing a gloomy future for the short term, one-to-two months.'....The message to investors is 'maybe trim a little bit of equity exposure, or certainly not chase the market at this stage. But look to do so in the next few weeks if we see a 5-to-7% pullback.'....'Even if there is a trade deal, it doesn't solve most of the issues that we still have with China,' which is something that markets are going to have to reflect in time, said Christopher Smart, chief global strategist at Barings Investment Institute, on Bloomberg TV. 'In fact, it probably makes the relationship more difficult to manage, because we've taken tariffs off the table.'"