By Lisa Haven
Can the global financial system handle a full-blown trade war between the two largest economies on the entire planet? That’s the question that should be front and center.
Two of the worlds biggest economies are now at war…a trade war…but nonetheless war. For years China has unfairly burdened the American people by imposing a $376 billion dollar imbalance on US goods. We’ve severely overpaid for years.
But now, we finally have a president who is doing something about it. President Trump has taken a bold step by stating he is going to impose tariffs on 25% on $50 billion worth of Chines goods and possible 10% tariff on another 200 billion.
In response, communist China is irate.
But one final question that has to be asked is, ‘how will be hurt by this?’ and ‘can the American economy handle it?’
All that and more below…
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