The Dragon FUCKED With the Wrong EAGLE!

The day of reckoning has arrived! President Xi thought he would flex his muscles before our President left for the G7 in France. He decided to put tariffs on $75 million worth of our exports. Including on soybeans.

From the article linked above:

China on Friday unveiled retaliatory tariffs against about $75 billion worth of U.S. goods, putting an additional 10% on top of existing rates in the latest tit-for-tat exchange in a protracted dispute between the world’s top two economies.

The latest salvo from China comes after the United States unveiled tariffs on an additional $300 billion worth of Chinese goods, including consumer electronics, scheduled to go into effect in two stages on Sept. 1 and Dec. 15.

China’s commerce ministry said in a statement it would impose additional tariffs of 5% or 10% on a total of 5,078 products originating from the United States including agricultural products such as soybeans, crude oil and small aircraft. China is also reinstituting tariffs on cars and auto parts originating from the United States.

The EAGLE sent his first salvo!

The Fed seems to have decided they aren’t going to take any action in September. They are completely in bed with Multinationals that do a good chunk of their business in China.

We are officially in an Economic War with China. Our President put U.S. companies on notice.

From the article linked above:

U.S. President Donald Trump on Friday said he has ordered American companies to exit China after Beijing unveiled retaliatory tariffs on $75 billion in U.S. goods, throwing a new twist into the bitter trade war between the world’s two largest economies.

Trump said on Twitter he will issue a response to China’s latest tariff plan on Friday afternoon. The president was meeting with his trade team at midday, a senior White House official told Reuters.

The U.S. president said he also was ordering shippers including FedEx. Inc, UPS and the U.S. Postal Services to search out and refuse all deliveries of the opioid fentanyl to the United States.

I will update this thread throughout the day.

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