Photo: Source Today
The Trade War with China has been moving forward. That is about all that can be said. Aside from the usual news of the current administration sitting on the cusp of a 'great trade deal.' Some economists say that the Trade War with China has moved the progress with other nations back several decades. What about the GDP?
The following infographic from Fidelity was sent to my email box.
Ask farmers how their exports are performing to countries, including China? President Trump has had to reverse the tariffs placed on China. But he plans on reimplementing them coming up soon. Why did he stop the taxes in the first place if they were working? The truth is that the taxes from China are not working for the average American consumer. The American consumer is the person suffering from the added expense of imports. This could have been alleviated or avoided had President Trump never even entered a Trade War, to begin with. Amazing. Stay tuned.
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