Showing results for tag "trade-war"
Rising tension between the US and China is a trend you can bet on, regardless of what happens in the trade war.
Those countries that have the most cost-effective production will always dominate world trade. In recent decades, China has been on a roll, becoming the largest trading nation in the world.
The U.S. exports its inflation…exchanging its major export item – dollars – for cheap Chinese-made goods. This keeps the CPI from rising, which prevents the working stiffs from noticing they’re getting ripped off.
The US government thinks tariffs will shift the economy into a higher gear. But they’ll actually shift it into reverse…