Our Relationship With China Has Taken ‘Predominant Step’ For The Worse

“”I think it took a major change, a major step for the worse yesterday,” Hayman Capital Management founder and Chief Investment Officer Kyle Bass said on CNBC’s “Squawk Box.
One prominent hedge fund manager and bear on China said Friday that this week’s developments in U.S. and Chinese relations signify a “tectonic shift.
“Bass noted that the U.S. on Thursday announced sanctions on a Chinese firm and two Chinese citizens for their dealings with North Korea.
Also on Thursday, the Trump administration told Congress of proposed $1.42 billion in arms sales to Taiwan, Reuters reported, citing a U.S. State Department spokeswoman.
Click here for the latest on the markets.

Read more on: http://www.cnbc.com/pre-markets