Trump's Trade Malarkey---Why It Only Gets Worse From Here

China is very silently devaluing its currency in the background, which will make the tariffs meaningless to Chinese as they offset the increases in tariffs. This will further anger Trump, who cannot bear to see China not "giving in" to his demands. And why should they? China is not afraid to fight and will never stand anyone dictating their domestic policy.

 

 

 

 

 

 

 

https://realmoney.thestreet.com/investing/stocks/don-t-believe-trump-s-claims-on-china-trade-deal-breakdown-14957005

 

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.