According to the insipid press, President Trump has ignited a trade war with China that will bring down both economies. The press is better at presidential election predictions than it is economics.
"China is imposing tariffs on more than 125 US imports including fruit and pork, heightening fears of a trade war between the two countries," the Mirror reported.
Oh no!
The tariffs will affect less than 1% of the economy.
Our exports to China were $169.8 billion last year.
Our economy is roughly $19 trillion.
We bought $478.8 billion in goods from China last year.
China makes a billion dollars a day of the USA.
Who would hurt worse if we stopped all trade with China? The fact is we have had a trade war with China all along, and the communists have kicked our butts all along.
Oh no! 1% of our economy is in danger
<--- do I really need this
"China is imposing tariffs on more than 125 US imports including fruit and pork, heightening fears of a trade war between the two countries," the Mirror reported.
Oh no!
The tariffs will affect less than 1% of the economy.
Our exports to China were $169.8 billion last year.
Our economy is roughly $19 trillion.
We bought $478.8 billion in goods from China last year.
China makes a billion dollars a day of the USA.
Who would hurt worse if we stopped all trade with China? The fact is we have had a trade war with China all along, and the communists have kicked our butts all along.
Oh no! 1% of our economy is in danger
<--- do I really need this