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Trade War Roils Markets

May 6, 2019

Donald Trump’s threat to increase tariffs on $200 billion worth of Chinese goods on Friday morning has shaken the markets and roiled international brokerages.
Trump’s last-minute warning highlights the difficult political position facing his administration as it tries to convince businesses, lawmakers and consumers that the deal it strikes with China will truly level the playing field and put the United States in a better economic position. He is also facing pressure to show that the pain of his trade war will be worth it for the companies, farmers and consumers caught in the middle.
The problem is of course that Trump doesn’t understand international trade in any way, shape, or form and he will not listen to the true experts that he has to call on because his ego is way too big to admit that there’s somebody out there who knows more then him.
And that is just about everybody!

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