War on Trade

Things are getting hot

Tariffs, tariffs for everyone! As the U.S. and China hurl new tariffs at each other like they're engaged in a Nerf war, it's going to get very intersting to us in terms of prices and what this will mean for our economic future in general. Trump has listed over a thousand proposed tariffs on China and in return China is issuing 106 new tariffs on US exports ranging from soy to chemicals to cars. The levy is a whopping 25% so this could mean some dire consquences for all of us.

What kind of game is Trump and Co playing, anyway? Doesn't it feel like a bunch of little boys crying over their action figures, making threats if they don't get their way? 

What do you think of these new tariffs?

 

photo courtesy of Wikipedia

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