Billionaire hedge-fund manager Paul Tudor Jones predicts that the stock market will hit new lows, even if President Donald Trump reduces tariffs on Chinese goods to 50%. Jones stated on CNBC’s “Squawk Box” that Trump’s focus on tariffs and the Federal Reserve’s reluctance to cut rates are detrimental to the market. Despite potential tariff reductions, Jones believes this would still represent the largest tax increase since the 1960s, impacting economic growth negatively. He further noted that unless the Fed becomes significantly more dovish, new market lows are likely, which could eventually prompt policy changes from both the Fed and the administration.
— new from CNBC
