Trumps Tariffs are already having negative impacts beyond USA and China.
Its a understatement to say we live in a interconnected global market.
This trade war is hurting domestic farmers and auto makers who sell into China.
Germany and France Co export cars and equipment that is manufactured in UsA and is being impacted by tariffs. There are other products being impacted
Germany has no formal trade tarriffs w China but their country economy is part of supply chain that gets caught up in finished products sent to china.
Germany already going into recession now.
There some other countries getting caught up in trade war indirectly.
China is making inroads w Venezuela and buying their oil giving them relief. China and Iran also got oil moves going.
- The possible most negative consequence is China may get a movement by various oil nations to drop using US Dollar as currency of oil trades. Dropping dollar w be a nuke to decades of US fiscal control
- It undermines the World order in other ways.
- So we better hope cooler heads prevail. The US does not want this to happen for many many reasons.
- It would allow Iran and other countrys a way around US Sanctions. US loses control over many things.
- We lose a way of propping up our currency and offsetting our bloated costs of our bloated military. Trading oil in dollars has hidden benefits. I dont know enough to expound further. But trade wars are not easy but the CON MAN Said winning for him is Easy. Remember ??!@!!
- So all bets are off more Collateral damage on Horizon.