TRUMPS TRADE WAR HAS BEGUN

TRADE WAR HAS BEGUN

By: Derek Varsalona

I'm not going to lie.  This is going to hurt a lot.  President Trump started a trade war on Sunday with China and the rest of the world.  Look for the economy and the rest of the world to go into a recession.  Look for inflation to become higher for a long time.  If you think the price of milk and eggs is high right now, wait until next week.

The trade war is going to affect everyone around the world.  America has a trade imbalance right now.  The fact of the matter is America is supporting the rest of the world and it is not fair to Americans.  President Trump is right to start the trade war although I would have went about it differently.  With President Trump great at making deals he should have made a deal on trade with the rest of the world.  Right now, America and Trump are playing poker.  It is a game that we're going to lose in the end.

This trade war is going to affect international relations.  Look for Trump supporters, besides myself, are going to not go to countries on vacation that are fighting the war with America.  

Stocks dropped on the news of the trade war.  This war is going to affect the American economy.  It is said when America catches a cold the world gets the flu.  The flu is now on the world right now.  This trade war did not have to be.  It is going to cause massive inflation in the world and the United States.  Do not look for the world to cave to the rest of President Trump's demands.

The economy is going to slow down with hyperinflation.   That seems fair for someone who is bringing drugs into the country to poison our people.  The fact is if we legalized all drugs Americans with drug addictions would come out of the shadows.

I do not support the 10% tariff on China.  It should be higher than Mexico and Canada.  But China has to pay for bringing Corona Virus into the world.  Maybe a tariff is just what the world needs to get the rest of the world in line?  With Trump in office and his no back down attitude America will win the Trade War.  As always comments accepted.

The trade war has Begun
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Source: Pia Singh. " Dow Futures Slammed by 525 points After Trump hits Canada, Mexico, and China with Tariffs." CNBC.com New York City: Monday, February 3, 2025.