So to answer the question re tariff wars between USA and China, id like to do a wee technique used in strategic management called scenario planning, here goes:
China will return fire on the new 104% tariff imposed by America, talks will break down and tariffs will continue to escalate to insane levels... 200%, 400%, heck it doesn't matter. Tariffs Will become a moot point, essentially China and America will halt all trade. China has a competitive advantage now, because the USA has blanket tariffs on the rest of the world and China doesn't, the latter will build stronger trade relations with the rest of the world. Canada is a obvious choice here, and its already happening with oil and gas.
While the White House will continue with its ill conceived tariff plan (heck the gdp calculations they use are only on goods, not services). This is just dumb! China on the other hand will engage their brains. China will do things like for example dump US treasuries that will put significant pressure on the US debt and the USD. The USD will devalue, placing even more burden on American consumers. The Chinese Yen will appreciate making things they need less expensive.
Countries like Australia and New Zealand do rely on trade with America. but the 10% tariff is not significant given the mix of goods they export to the USA. for Australia minerals is a biggie though, but i bet China will happily take it all. Other significant exports agriculture goods like beef and wine. Aussie makes great red wine, NZ makes great white (not a debate my Aussie mates, just generalizing). But our wine is fantastic, french wines just got super expensive so $1 more a bottle of wine from the ANZACs is not a biggie for an American consumer. And beef, well we don't genetically ulter our beef, its free range. Eggs, not gunna happen because we don't need to refrigerate eggs, cause we don't wash them removing their protective film like in America. But i digress. AvocadoS just got cheap from the ANZACs too compared to mexico, unfortunately.
My point, i give it 3 to 6 months. China will be strengthened by improving trade relations with everyone at the expense of America. The American stock market will continue to bounce and drop... downward trend though. The average American will pay more for everything essential, and stop buying everything else. Protests against trump will intensify, political stances will shift as reality of the economics hit home hard. $Tesla Motors(TSLA)$ will hit $180, Elon will leave his government role, cause hes down another $100 billion, rejoin tesla and the stock will rally because he will make more fake promises. It will drop to $120 once FSD comes out and makes cyber truck failures insignificant.
China will gain more world influence at the expense of America. The UK, germany, france, Canada and japan will also gain. russia will loose the war. We live an an environment of stupidity, greed, corruption and propaganda. It's disheartening, but world orders rise and fall, mighty empires of the past always fall due to complacency. Its very sad that we continue to repeat our past failures. Communism, capitalism, feudalism? I really don't give a flying downward dog.
I can get up in the morning, water my tariff free tomatoes, go for a walk on a beach free of pollution, have a swim, say hi to people i dont know, swim out to a rock and pick up mussels for dinner, invite a couple of Chinese work friends over for a feed, or Canadians, Americans, doesn't matter. I have my morals, based on how i was brought up. I will listen to others obviously, but wrong and right is very clear for me. America is wrong, so is Russia according to me. Tariffs are totally stupid, based on policies that have no basis of reason.
Reason is clear, im invested in amazing companies with insane growth realities, going cheap atm. This tariff nonsense will end soon, watch april as companies report, and also project future earnings. They know better than the sheep. @TigerWire
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