Fri, 6 July 2018
Today Trump fired the first volley in what is likely to be the next great trade war. He imposed a new tariff on 34 Billion in Chinese goods and suggested he may increase the tariff to include 500 Billion.
China in response has increased its tariffs in kind vowing to trade blow for blow with the US President.
It's stupid, unnecessary and dangerous. It hurts every America even the one's whos industry benefits from the tariffs.
Meanwhile, the IMF has been slowly and patiently preparing its own currency known as SDR's or "Speical Drawing Rights"