This is going to hurt me more than it hurts you......Oh,no,it’s not. The Chinese Hang Seng index is now down tice as much as the US Dow index on a percentage basis since Trump announced his intent to increase tariffs. Trump’s tariff war with China reminds me of Reagan ratcheting up military spending in a military buildup with the USSR expressly to force them to keep up with us and propel their ailing economy into bankruptcy. It will hurt somewhat until the other guy dies. Then we hold a party at the funeral, shed a few false tears and run out to collect the dividends. Unfortunately we are going to have to pay $1.25 rather than $1.00 for that can opener we could have bought from China while we are waiting for the funeral hearse to drag their economic carcass away. A small price to pay to level the playing field with a parasitic tech thieving competitor/enemy
Good points, well said!