The market is up today on the news that trade with China talks are restarting. I bet China blinked, but it’s being reported as a mutual restart of the talks. Dems have no solution for trade deficits and tariffs against our products.
“The U.S. and China are seeking to restart talks to avert a trade war, according to a Bloomberg News report.”
With so much of the republican base being hurt by these tariffs, to the point Trump had to authorize a $12 billion bailout for farmers, I’m sure it was China that blinked.
At any rate, the sooner Trump drops his trade war ■■■■■■■■ the better.
Seems as though the administration plans to raise 25% tariffs on an additional $200 billions worth of Chinese goods. I guess new negotiations are off to a roaring start.