https://www.nytimes.com/2018/07/05/busin...riffs.html
At least none of our troops will be called upon to capture a worthless hamlet for the glory of the WLB.
Quote:Trump’s Trade War Against China Is Officially Underway
Quote:The penalties, which went into effect at 12:01 a.m., will undoubtedly prompt quick retaliation by Beijing, which has said it will tax an equal amount of American exports, including pork, soybeans and automobiles.
The escalation of the trade war from threat to reality is expected to ripple through global supply chains, raise costs for businesses and consumers and roil global stock markets, which have been volatile in anticipation of a prolonged trade fight between the United States and almost everyone else.
On Thursday, President Trump showed no signs of backing down from his fight, saying aboard Air Force One that the first wave of tariffs on $34 billion in goods would quickly be followed by levies on another $16 billion of Chinese products. And Mr. Trump continued to threaten Beijing with escalating tariffs on as much as $450 billion worth of Chinese goods.
At least none of our troops will be called upon to capture a worthless hamlet for the glory of the WLB.
