Paul Tudor Jones Sees Trump Cutting China Tariffs by 50% (2)

Billionaire investor Paul Tudor Jones said he expects US President Donald Trump to dial back China tariffs by 50%, but said stock markets could hit new lows even if he does.

“You have Trump, who’s locked in on tariffs; you have the Fed, who’s locked in on not cutting rates,” said Jones, founder of macro hedge fund Tudor Investment Corp., speaking on CNBC Tuesday. “That’s not good for the stock market.”

Jones, 70, said he’s “sure” Trump will slash the current tariffs on Chinese imports — now as high as 145% — by half. But he called the levies ...