Folks this was inevitable! I saw it coming since the 301 report was released by Robert Lighthizer.
PDJT is sitting on a Royal Flush and has positioned all his chips into the middle of the table. China 🇨🇳 is in some serious trouble.
They only have $150 billion dollars to play with. PDJT has indicated that he is putting $450 billion dollars into the pot. $50 billion at 25% tariffs and $400 billion at 10% tariffs.
The Federal Government will collect on tariffs from China 🇨🇳 the following:
$50 billion x 25% = $12.5 billion dollars
$400 billion x 10% = $40 billion dollars
Total Collected = $52.5 billion dollars