Up until now, the U.S. trade war with China has simply been a bunch of threats and counter-threats, but now things are about to get very real. On Friday, the first round of U.S. tariffs on Chinese goods becomes official, and these tariffs are going to fundamentally alter the economic relationship between the two largest economies on the entire planet. Over the past several decades, U.S. consumers have loved gobbling up super-cheap goods from China, and the Chinese have used many of the dollars that they have been accumulating to fund our exploding national debt. This symbiotic relationship has been bad for the United States in a lot of ways, and something had to be done, but in the short-term this trade war is going to be enormously painful. Sadly, most Americans are completely oblivious to what is happening.

via The U.S. Trade War With China Officially Goes To The Next Level As Financial Markets Around The World Continue To Implode

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The U.S. Trade War With China Officially Goes To The Next Level As Financial Markets Around The World Continue To Implode

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