Trade War Imminent

[Tommy Tainant]

The EU just threatened Donald Trump

The European Commission has warned that it will react “swiftly and appropriately” to any threat of a trade war by the US, after Donald Trump appeared to threaten a trade war against the continent.


Hmmm. It doesnt sound great.

What are the restrictions that he is moaning about ?

 

[Tank]

It's a war America will win

 

[Billy_Kinetta]

The Belgian Waffles had better concern themselves with their fragmenting EU, and not worry so much about what Trump may do.

 

[waltky]

Granny says, "Dat's right...

... dey been spoilin' fer a fight...

... ever since the Donald been sayin' he gonna...

... Make America Great Again."

 

[Tommy Tainant]

Is it the chicken soaked in chlorine or the Frankenstein foods ?

 

[KissMy]

In past China bought $trillions of worthless US Treasuries lowering their yuan increasing the US dollar to fuel the trade imbalance. That left them holding the bag of $4 trillion worth foreign by 2014, of witch $1.1 trillion is US dollars.

The US government's debt explosion & slowing Chinese economy has had China doing the exact opposite since 2014. They are selling US treasuries debt to support their falling yuan & lower the US dollar. Trump is Johnny come lately piling on the bandwagon with tariffs after the tide shifted to claim his power responsible for this change.

The slowing Chinese economy has Chinese companies and individuals investing more heavily outside the country in places like Africa. As their money leaves China, it puts downward pressure on the yuan.

The yuan dropped nearly 7 percent against the dollar in 2016. The Chinese government has responded by draining its foreign exchange reserves to buy yuan, hoping to slow the currency’s fall. China’s reserves have dropped by $279 billion in 2016 to $3.05 trillion.

If Beijing stepped back and let market forces determine the yuan’s level, it likely would fall even faster, giving Chinese exporters even more of a competitive edge.

Recycling Chaos In U.S. As China Bans 'Foreign Waste'

Trash is piling up around the USA & cost are soaring! Trash prices here went up $20 a month in January, costing households $240 a year!