China announced almost immediately a retaliatory $34 billion in tariffs on U.S. goods including agriculture effective July 6th.
Of the $2 trillion China exports annually, the U.S. apparently only purchases between 20 to 25 percent accordind to CNBC. Also, China has many Asian markets to expand, plus they are the largest foreign holder of U.S. debt outside the U.S. Federal Reserve itself.
Does China not have a huge advantage in a trade war with the U.S. ??
Just asking . . .
Insane protectionism could trigger a deflationary spiral in commodity prices. Growers . . . Protect yourself. This is a for real risk, if the U.S. persists with aggressive protectism. The world market is far bigger than the U.S. economy.
Protection may also be the fuel to trigger the debt bomb which has been coddled by central bank policies since the financial crisis of 2008.
Of the $2 trillion China exports annually, the U.S. apparently only purchases between 20 to 25 percent accordind to CNBC. Also, China has many Asian markets to expand, plus they are the largest foreign holder of U.S. debt outside the U.S. Federal Reserve itself.
Does China not have a huge advantage in a trade war with the U.S. ??
Just asking . . .
Insane protectionism could trigger a deflationary spiral in commodity prices. Growers . . . Protect yourself. This is a for real risk, if the U.S. persists with aggressive protectism. The world market is far bigger than the U.S. economy.
Protection may also be the fuel to trigger the debt bomb which has been coddled by central bank policies since the financial crisis of 2008.
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