Trade Show

We may not be in a trade war with China, but it’s sure starting to feel like one. And China is firing some very targeted strikes. “China on Wednesday said it would issue 25 percent retaliatory levies on roughly $50 billion of U.S. imports, including soybeans, cars, chemicals and aircraft. These levies appear to be targeted at states, particularly in the Midwest, where Trump’s support is strongest.”

+ The president took to Twitter to argue that the US already lost the trade war to China and that’s the problem. “When you’re already $500 Billion DOWN, you can’t lose!” (Editor’s note: Then what would you call it if you ended up being $600 billion down?)

Copied to Clipboard