BTW, China is the largest foreign buyer of US debt vehicles (bonds, etc). Maybe they will just stop helping finance our debt. Currently they hold over $1 Trillion in such US debt obligations. 

China just announced $3 billion in tariffs on U.S. goods.

They also plan to take legal action against the U.S. under the WTO framework.

Big mouth bully Trump just cost all Americans a lot of money with prices on imported consumer goods from clothes to shoes to appliances destined to go up in cost, and exports from the U.S. like planes, equipment, and farm products to China will be hurt due to higher prices.

Remember that extra $1200 that Trump promised to all middle class Americans with his jobs and tax reduction plan? Well, it all just got flushed down the toilet. Plus, with his stupid tariff/trade war, demand for American exports will go down and that will lead to loss of jobs in the U.S. regardless of all the companies bringing jobs back to the U.S. (according to Trump). Lower demand means lower supply and production necessary which will probably lead to layoffs. And it sure didn’t help anybody’s IRA or 401K. Trump and his economic team led by Mr. Magoo (Wilbur Ross) are demonstrating that they are idiots.

Last edited by Rongone (3/22/2018 7:33 pm)

Donald says "Only I know how to bankrupt the United States" ! 
 

It's interesting that so many people believe this guy is some kind of business genius.  He's gone bankrupt 4 times and done all the things to people rongone pointed out.  And, while we're on the topic, explain why no financial institution in the USA would float him a loan.