Gundlach Sees 50%-Plus Chance of Higher China Tariffs

China’s top trade negotiator Liu He will travel to the U.S. this week for high-stakes talks as prospects dimmed for maintaining a fragile truce after President Donald Trump threatened to raise tariffs on Chinese goods starting Friday.

Other comments by Gundlach included:

• U.S. stocks are in a bear market because they haven’t returned to last year’s highs.
• The U.S. debt and deficit are “out of control” because they’re growing during a strong economy, leaving little room to maneuver.
• Fed’s Powell, during his last press conference, “looked scared.”
• The U.S. economy is “rudderless,” Gundlach said.