Trade Wars Set To Go Nuclear: US Considering Broad Curbs On Chinese Imports | WHAT REALLY HAPPENED


Trade Wars Set To Go Nuclear: US Considering Broad Curbs On Chinese Imports

First thing this morning, when the market was surging and inexplicably rejoicing in the certainty that Trump would back down on tariffs, a nagging feeling that this was all wrong prompted us to ask "What If Trump Does Not Back Down", and to follow it up with a troubling rumor from Strategas, namely that this is all about China, and would involve a massive amount of tariffs, to wit:

Trump himself has also said that the trade wars have one major target: Beijing, with the rest of the world negotiable collateral damage. Just yesterday, the US trade rep made it clear that both Mexico and Canada would get an exemption from the tariffs once they agreed to a "fair" renegotiation of Nafta.

And beyond the already announced aluminum and steel tariffs, there is another far more troubling aspect, or rather number, to Trump's protectionist push noted by Strategas. The number is $1 trillion.

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