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738: Trump Launches Trade War, Stocks Tumble
You might read that headline and think I'm stretching a bit with the "trade war" talk but trust me; this is not going to end well for America. Trump announced today that he is imposing 50 billion in tariffs on the Chinese for supposed intellectual property violations. This comes on the heels of his legal counsel quitting over the Presidents unwillingness to take advice. The DOW lost more than 700 points on the news. This should not come as a shock considering there isn't an economist alive who would suggest tariffs are a net benefit to an economy. Hold on to your butts. It's going to get ugly. Jason Support the show.