{"id":35831,"date":"2018-07-08T11:06:05","date_gmt":"2018-07-08T16:06:05","guid":{"rendered":"http:\/\/olduvai.ca\/?p=35831"},"modified":"2018-07-08T11:06:05","modified_gmt":"2018-07-08T16:06:05","slug":"experts-warn-of-chaos-for-the-u-s-economy-as-china-declares-that-the-biggest-trade-war-in-economic-history-has-begun","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=35831","title":{"rendered":"Experts Warn Of Chaos For The U.S. Economy As China Declares That \u201cThe Biggest Trade War In Economic History\u201d Has Begun"},"content":{"rendered":"
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Experts Warn Of Chaos For The U.S. Economy As China Declares That \u201cThe Biggest Trade War In Economic History\u201d Has Begun<\/a><\/h3>\n<\/header>\n
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\"\"<\/a>Nothing is going to be the same after this.\u00a0 On Friday, the United States hit China with 34 billion dollars in tariffs, and China immediately responded with similar tariffs.\u00a0 If it stopped there, this trade war between the United States and China would not be catastrophic for the global economy.\u00a0 But it isn\u2019t going to stop there.\u00a0 Donald Trump is already talking about hitting China with an additional 500 billion dollars in tariffs, which would essentially cover pretty much everything that China exports to the U.S. in a typical year.\u00a0 The Chinese have accused Trump of starting \u201cthe biggest trade war in economic history\u201d<\/a>, and they are pledging to fight for as long as it takes.\u00a0 As I discussed yesterday<\/a>, the only way that one side is going to \u201cwin\u201d this trade war is if the other side completely backs down, and that simply is not going to happen.\u00a0 So there is going to be economic pain, and that pain is likely to intensify for as long as this trade war persists.\u00a0 U.S. businesses that will be affected by foreign tariffs are already cutting back production and laying off workers, and CNN is reporting<\/a> that 1,300 products have suddenly become more expensive for U.S. consumers.\u00a0 There will be nowhere that anyone can hide from this trade war, and it will ultimately affect every single man, woman and child in the entire country.<\/p>\n

Most Americans are not paying any attention to these ongoing developments, but the Chinese sure are.<\/p>\n

Earlier today, the Chinese Ministry of Commerce called the U.S. tariffs \u201ctypical trade bullying\u201d, and it warned that this trade war could trigger \u201cglobal market turmoil\u201d<\/a>\u2026<\/p>\n

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

Experts Warn Of Chaos For The U.S. Economy As China Declares That \u201cThe Biggest Trade War In Economic History\u201d Has Begun Nothing is going to be the same after this.\u00a0 On Friday, the United States hit China with 34 billion dollars in tariffs, and China immediately responded with similar tariffs.\u00a0 If it stopped there, this […]<\/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":[2,5],"tags":[1949,130,6529,20661,20662,20663,20664,20665,10914,4901,536,12750,10475,20666,20667,753,9937,20323,7452,20324,20325,12453,20326,6539,3222,20668,20836,19430,827,848],"class_list":["post-35831","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-america","tag-china","tag-chinese","tag-economic-crisis-2018","tag-economic-disaster","tag-experiencing-pain","tag-experiencing-severe-pain","tag-feeling-pain","tag-global-economic-crisis","tag-michael-snyder","tag-money","tag-pain","tag-painful","tag-really-painful","tag-severe-pain","tag-stocks","tag-tariffs","tag-the-crisis-of-2018","tag-the-economic-collapse-blog","tag-the-economic-crisis-of-2018","tag-the-financial-crisis-of-2018","tag-the-global-economy","tag-the-global-financial-crisis-of-2018","tag-the-united-states","tag-trade-war","tag-trade-war-2018","tag-trade-war-of-2018","tag-trade-war-with-china","tag-united-states","tag-usa"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35831","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=35831"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35831\/revisions"}],"predecessor-version":[{"id":35832,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35831\/revisions\/35832"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}