If Americans really understood how much their standard of living was about to change, the streets of our major cities would be packed with protesters by tomorrow morning. For the past several decades, China and other low cost exporters have been flooding our shores with hundreds of billions of dollars worth of cheap goods. This is the only reason why you can go to Wal-Mart and buy a shirt for three bucks. But since we buy far more stuff from the rest of the world than they buy from us, we ultimately have to go back to those other nations and beg them to lend our money back to us so that we can pay our bills. This sick, twisted co-dependent relationship has enabled Americans to live a debt-fueled standard of living that is far beyond what we deserve, and now our rapidly escalating trade war with China is going to bring the party to a crashing halt. On Tuesday, the Trump administration released a list of $200,000,000,000 worth of Chinese exports that will be hit with 10 percent tariffs.

via An Absolutely Epic Escalation Of The Trade War Has Us On The Precipice Of A Cataclysmic Global Economic Crisis

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An Absolutely Epic Escalation Of The Trade War Has Us On The Precipice Of A Cataclysmic Global Economic Crisis

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