The picture today is one of many stock markets dropping in value. This is fantastic news, and the prophets of doom can stuff their pessimism in their ear. The US stock market is way too high, and this, along with the Fed playing games, may drop the market into the reality zone without a crash.
READ THE ARTICLE ON MARKET PULL DOWNS WORLDWIDE
Will the Chinese get the upper hand.
ANSWER: NO
The Chinese are the ones who benefit from no tariffs on US imports. There market place, in the US in technology and in Wal Mart, means that if they push the trade war too far, Americans will stop buying their gongs and trinkets they ship to us by thousands of ship loads every year. China does not dare play the tariff game to the extreme based on the terror of seeing the American consumer punish them for doing so.
So, Trump must know this, and you can expect him to hold on course with this tariff scheme. He is absolutely doing the right thing in this. Every other nation on earth has tariffs on anything imported into their nations. The mark up in India to import an American automobile is 125%. That is not a typo. Trump is getting nowhere near the tariff levels of other nations. Americans will still buy imported goods.
So, watch for this era to stay put until the Democrats win the White House one day. At that point, the Dems will drop all the tariffs, and unemployment will sky rocket, Black American will be back on food stamps, and US exports will crash. The Dems keep doing terrible things for the average American, and half of the suckers vote for them. Can anyone tell me why people do not connect the dots?
We would suggest that this be the theme song of Trumps policy for trade:
ROY HARGRAVE INSTRUMENTAL VERSION
FROM PASADENA, TEXAS, MICKEY GILLEY SINGS IT
DEDICATED TO AMERICA'S TOUGHEST MULESKINNER, THE DONALD
By Chet Atkins and Jerry Reed
