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David Tepper Says China Tariffs Will Make It Tougher on Markets

Krista Gmelich, Saijel Kishan
David Tepper Says China Tariffs Will Make It Tougher on Markets

Billionaire hedge fund manager David Tepper said the prospect of tariffs on China is among the biggest risks to the current market. “To me the markets are fairly valued if you don’t have tariffs on China,” the founder of Appaloosa Management said in an CNBC interview Thursday. Tepper said his hedge fund reduced its stock holdings by about 30 percent, leaving it with about 25 percent exposure.