This is getting little play, for now, but I am sure once media picks up on this little video tidbit they’ll play it on loop.
BREAKING: Chinese ambassador Cui Tiankai on Trump’s China#tariff:”We don’t want to have a trade war with the US or anybody else but we are not afraid of it. If somebody imposed a trade war on us we will fight.” pic.twitter.com/VvFPGn1tpc
— Wang Guan (@WangGuanCGTN) March 22, 2018
With regard to the tariffs Trump is imposing on China, Wilbur Ross said he expects the great wall’d dog eating nation to retaliate, but only after they see the details. The plan here is simple: reduce the trade deficit by $100 billion.
Markets are panicking for one reason: US companies do more business overseas than here. Therefore, they have more to lose when China is hurt than when America is hurt. In a way, these global giants are like Benedict Arnolds, but it really isn’t there fault. Their shareholders demanded profits and returns and they did their job, within the boundaries of the law. The blame rests solely on our elected officials who sold us out for profit, failed to protect US industry in exchange for cheap shit in Target, which has contributed to a ruinous balance sheet amidst the lower, middle, and upper middle classesIf you enjoy the content at iBankCoin, please follow us on Twitter