(AP Photo/Richard Drew)Arguably one of the worst things that could happen to the stock market just did: It closed at a record high. But a surging market and a newly dovish Fed might be unwittingly conspiring to intensify Trump’s trade confrontation with China. Trump on Thursday made clear via his Twitter account that he is keeping a close eye on the market’s action:S&P closes at Record High! “Trump believes he’s in an economically stronger position at home, and we’re hurting them more than they’re hurting us. (AP Photo/Andrew Harnik)And at least one White House adviser on China issues said a tariff escalation may be necessary.

Source: Washington Post June 21, 2019 11:15 UTC