#TrumpTariffs Trump imposes tariffs, China/EU retaliate, and American farmers and factories are out.
So how will this circus end?
- Prices in the USA are rising, as tariffs = tax on consumers.
- The treasury is emptying: China is dumping US government bonds. It has already started.
- Debt is rising if no one is lending, the Fed is printing money, inflation is increasing.
The dollar is weakening – the world is looking for alternatives, including crypto as a relatively new tool.
Result: the USA is in a debt pit, Trump is cursing the Fed, and China is laughing in the sidelines.
A trade war is when you shoot yourself in the foot but scream that it’s a victory. Let's stock up on popcorn and watch what the genius negotiator will do next.