WallStForMainSt: As Predicted, The US vs China Trade War Escalates!
As Jason Burack of Wall St for Main St predicted about a month ago, the US vs China trade war continues to escalate with dueling tit for tat punitive tariff announcements by China and President Trump on almost a daily basis over the last few weeks.
It appears the first American victims (major collateral damage) of the trade war are going to be American farmers who grow certain fruit, almonds and other legumes/nuts, and pork farmers. American farmers are running TV commercials on Fox News now on almost an hourly basis begging President Trump to stop escalating this trade war with China which could threaten their financial livelihood and could bankrupt their farm small business.
1) https://www.nytimes.com/2018/04/07/us/politics/trump-trade-china-politics-heartland.html
2) http://www.grubstreet.com/2018/04/american-farmers-are-horrified-by-trumps-tariffs.html
President Trump's new Economic Advisor, Larry Kudlow, has also been going on the talk show circuit on all the mainstream media and cable news platforms discussing the trade war with China and tariffs. Kudlow originally was saying about a week ago how he was in full favor of the tariffs and how they would benefit the US and allow the US to win the trade war with China but he's more recently been flip flopping and walking his previous comments back a lot. Now, Kudlow claims the threats of tariffs are only to scare/threaten China to re-negotiate a new trade deal and get them to the negotiating table at the World Trade Organization (WTO).
Here's some recent Kudlow interviews:
1) https://www.politico.com/story/2018/04/06/larry-kudlow-response-trump-tariffs-505603
2) https://www.cnn.com/videos/politics/2018/04/08/larry-kudlow-trump-china-trade-war-tariffs-sotu.cnn
3) http://www.foxnews.com/politics/2018/04/08/kudlow-tries-to-calm-trade-war-fears-but-says-trump-not-bluffing-about-china-tariffs.amp.html
Here's just a few Zero Hedge stories about the US vs China trade war for you to learn more:
1) https://www.zerohedge.com/news/2018-04-08/trump-touts-friendship-xi-says-china-will-cave-trade-because-its-right-thing-do
2) https://www.zerohedge.com/news/2018-04-08/trade-wars-just-beginning-fight-over-indefinitely-shrinking-pie
3) https://www.zerohedge.com/news/2018-04-08/well-hit-their-stocks-chinese-press-warns-ample-weapons-win-us-trade-war
4) https://www.zerohedge.com/news/2018-04-06/here-are-chinas-five-options-nuclear-trade-war
5) https://www.zerohedge.com/news/2018-04-05/not-your-grandfathers-trade-war-revenge-bad-money-part-1
There's many more articles about this impending (and escalating!) trade war between the US and China. Zero Hedge normally has one new article, or more, per day now for over a month.
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