{"id":35477,"date":"2018-06-25T06:34:44","date_gmt":"2018-06-25T11:34:44","guid":{"rendered":"http:\/\/olduvai.ca\/?p=35477"},"modified":"2018-06-25T06:34:44","modified_gmt":"2018-06-25T11:34:44","slug":"things-just-went-nuclear-in-our-trade-war-with-china-and-a-giant-shockwave-is-about-to-hit-the-u-s-economy","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=35477","title":{"rendered":"Things Just Went Nuclear In Our Trade War With China, And A Giant Shockwave Is About To Hit The U.S. Economy"},"content":{"rendered":"
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Things Just Went Nuclear In Our Trade War With China, And A Giant Shockwave Is About To Hit The U.S. Economy<\/a><\/h3>\n<\/header>\n
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\"\"<\/a>It is difficult to find the words to describe just how serious America\u2019s trade war with China is becoming.\u00a0 As you will see below, the two largest economies on the entire planet are on a self-destructive course that almost seems irreversible at this point.\u00a0 The only way that this trade war is going to come to a rapid conclusion is if one side is willing to totally submit and accept an extremely bitter and humiliating defeat on the global stage, and that is not likely to happen.\u00a0 So in the short-term, and probably beyond that, we are going to experience a tremendous amount of economic pain.\u00a0 In fact, if one wanted to create a recipe for economic disaster, it would be hard to beat having the Federal Reserve dramatically raise interest rates<\/a>at the exact same time that the U.S. government is starting trade wars<\/a> with all of the other major economic powers simultaneously.\u00a0 Unless something drastically changes in the very near future, there is no way that the U.S. is going to be able to get through this without experiencing severe pain.<\/p>\n

Many had hoped that President Trump would settle down after the initial salvos in this new trade war, but instead on Sunday evening we learned that he has decided to go nuclear.\u00a0 The following comes from CNBC<\/a>\u2026<\/p>\n

President Donald Trump plans to bar many Chinese companies from investing in U.S. tech and to block additional technology exports to China<\/strong>, The Wall Street Journal reported on Sunday evening, citing people familiar with the matter.<\/p>\n

The two measures are set to be announced by the end of the week, and are intended to counter Beijing\u2019s Made in China 2025 \u2014 a Chinese initiative to be a global leader in technology.<\/p><\/blockquote>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Things Just Went Nuclear In Our Trade War With China, And A Giant Shockwave Is About To Hit The U.S. Economy It is difficult to find the words to describe just how serious America\u2019s trade war with China is becoming.\u00a0 As you will see below, the two largest economies on the entire planet are on […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1949,130,6529,20661,20662,20663,20664,20665,4901,12750,10475,20666,20667,7452,6539,20668,19430,827,848],"class_list":["post-35477","post","type-post","status-publish","format-standard","hentry","category-economics","tag-america","tag-china","tag-chinese","tag-economic-crisis-2018","tag-economic-disaster","tag-experiencing-pain","tag-experiencing-severe-pain","tag-feeling-pain","tag-michael-snyder","tag-pain","tag-painful","tag-really-painful","tag-severe-pain","tag-the-economic-collapse-blog","tag-the-united-states","tag-trade-war-2018","tag-trade-war-with-china","tag-united-states","tag-usa"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35477"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35477\/revisions"}],"predecessor-version":[{"id":35478,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35477\/revisions\/35478"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}