Posted on 05/09/2019 10:09:09 PM PDT by BeauBo
The Trump administration is hiking duties on $200 billion worth of Chinese products to 25% from 10%... Industries and businesses affected by the tariff hike will not feel the effect right away: it will apply to goods exported after May 10, according to the Office of the U.S. Trade Representative. It will not affect products already in transit to the United States. Trump has prepared to put even more pressure on China as he pushes for an agreement. The president has threatened to slap 25% tariffs on $325 billion in Chinese goods that remain untaxed.
(Excerpt) Read more at cnbc.com ...
“Stocks (getting flamed)”
Still not the main event. I am expecting the next (bigger and final) round of tariffs to drop at some point - maybe next month, maybe six months. We could have a crisis of some sort in communist China at some point after that - stock market crash, currency collapse, asset bubble burst, debt default crisis - even all of the above.
Maybe the communists will artificially stage manage it, and limp along. But once the initial shock is over, the communists will be greatly weakened, and there won’t be much real downside to US businesses, outside of their China holdings - even some upside.
Better to take what hit we will take now, rather than an election year, or when the communists are militarily much stronger.
China has been at a trade war with us for 20 plus years.
President Trump is leveling the platform, and the Globalists are having a meltdown.
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