Stansberry Research has been making waves online lately with its most recent published news articles focused on US President Donald Trump’s aggressive trade war with the communist state of China. Donald Trumps has always offered tough words against China and what he claims to be a completely one-sided trade agreement between the two behemoth economies. For many years Trump has claimed that China is completely taking advantage of the United States by artificially lowering the strength of its currency in order to create an uneven trade flow. To help correct this issue and to boost sagging US manufacturing industries, Donald Trump has decided to place $100 billion dollars in tariffs on Chinese goods, particularly their steel and aluminum exports. $25 billion dollars in tariffs are aimed at Chinese steel exports alone, meaning the Chinese steel industry is about to take a massive hit. Chinese aluminum exports into the US will also see a $10 billion dollar tariff, another metal manufacturing industry in China that will be hit hard.
In retaliation for US President Donald Trump’s tariffs, China has already begun to execute $50 billion dollars in tariffs against US imports into China. Agriculture and automobiles are two of the targets, which could spell disaster for several US states that are heavily dependent on those industries to drive their state economies forward. While China has not announced additional tariffs above the $50 billion dollar marker as of yet, it is widely thought by trade experts that China will likely hit US imports with exactly the same dollar amount in tariffs that the US government places on their exports.
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