Today Trump began his trade war with China. In a twist of his puppet’s strings, Putin aligned Russia with China. Russia has announced additional “trade duties” in retaliation to earlier steel tariffs. In 17 months and 16 days Trump has alienated our allies and our enemies. Some trick for a white supremacist who failed at everything he’s ever attempted.

Trump threatened China with additional tariffs which could affect goods worth $500 billion. It was almost fun listening to him attempt to explain world trade.

“You have another 16 [billion dollars] in two weeks, and then, as you know, we have $200bn in abeyance and then after the $200bn, we have $300bn in abeyance. OK? So, we have 50 plus 200 plus almost 300.”

Several individuals who understand international finance are opposed to tariffs. China’s response is clear.

“Trade war is never a solution,” said Chinese Premier Li Keqiang. “China would never start a trade war, but if any party resorts to an increase of tariffs then China will take measures in response to protect development interests.”

Remember, my fellow Americans; we are still in recovery from the last recession caused by a Republican president. Start saving your money, it looks like we’re in for a long and bumpy ride.

Please tell others about my ‘blog of truth;’ thank you.

Op-ed by James Turnage

SOURCE

Image courtesy of DonkeyHotey

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