So, what's new and unanticipated? Tariffs are bound to take a toll! But the China-US trade war will have a lasting effect, since the Administration thinks it can continue on this road unblocked and unimpeded. I think it will just will look like the US is having its own way!
The real losers will be the technology stocks. The future of the tech world is contingent on trade on the same par between US and China. Trump has been suckered into thinking he can simply raise the tariffs on goods from China; and everything will be ok with the US going on its own. It is losing friendly partners fast.
His deal with Japan on imported Japanese cars simply means that Japan must increase its trade with China and the East. Defense of Japan has been a US responsibility; but with Trump as President, there is no certainty the US will be a controlling factor in the East. Russia is already in the Mid-East. The Saudis are not what they once were. There's a stalemate in Yemen. I don't think what once was is still the case. International changes are taking place in response to US tariffs.
Add to these possible contingencies because of the US tariff war with China, the junk from pollution is filling the air and causing climate havoc to be likely felt during the summer humid months ahead. In the offing are anticipated more storms, so often accompanied with tornadoes. By the way, has there been relief on its way to Puerto Rico from prior occurrences?
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