Mary Trump - Losing the Game of Chicken

[Yo_Mama_Been_Loggin]

In the wake of Donald’s announcement that he would be raising tariffs against China again, trade relations between China and the United States have completely melted down. Donald's grand-standing is having serious negative and far-reaching consequences for the future of the American economy.

In the immediate aftermath of the fallout, ABC News's Rachel Scott broke down the newest escalation in the trade war:

Overnight, the trade war between the US and China escalating as Beijing raises its tariffs on American goods to 125%, set to take effect [April 12]. Chinese President Xi Jinping saying there are no winners in a tariff war and warning going against the world will only result in self-isolation…

The market rebounded after the announcement of his 90-day pause, but that was short-lived — much of the gains wiped out as investors sold off after the rally. A new estimate from the Yale Budget Lab says the new tariff system will cost households an average of $4,700 annually, with a staggering 145% tariff on Chinese goods. Economists warned things could go from bad to worse if a deal isn't made.

https://www.marytrump.org/p/losing-the-game-of-chicken