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| The President did not impose tariffs on China to get the tax money. Tariffs were imposed for the primary reason for tariffs--to protect nation's businesses from unfair trade practices of another country. Those practices could be dumping (as in case of steel and aluminum), theft (intellectual or property), and retaliation (autos). The idea ultimately is to save jobs. It does make those goods more costly in country imposing tariff but there should be a net gain in employment and commerce. Everyone is for "fair trade" as long as it is in their interest. Got to look at future and not at the day to day noise. Our country is very near sighted seeing only as for as the next election cycle, driven in part by the news industry (yes, it is an industry, product is pretty much worthless though). The whole world knows this and is just waiting for Pres. Trump to lose in 2020 so everything can go back to the status quo, unfortunately.
Do not see a recession coming as Democrats and Trump will come together on huge infrastructure bill. Will probably be some kind of increase in fuel tax agreed to for a token gesture of paying for it. Riots in the streets?? | |
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Sharp drop in indices not a good sign!
