US President Donald Trump has threatened China with a 104 per cent tariff, if Beijing doesn’t drop its 34 per cent tariff on US goods.
President Trump announced the plan on social media, as stock markets across the world continued to plummet.
What’s next?
Beijing has not yet commented on the president’s threat.
Everyone knows he’s gone in 4 years and so making a massive investment that completely depends on Trump’s tariffs being in place would be economic suicide.
So we get all of the short term market shock without any of the growth. Another masterful move by our orange in chief.
If he’s still alive then, he’ll try clinging on, like an unflushable turd.
But nobody knows the number of their allotted days.