It’s been 15 weeks since Trump declared war on its major trading partners.
“When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win,” Trump tweeted Friday morning. “When we are down $100 billion with a certain country and they get cute, don’t trade anymore – we win big. It’s easy!”
We’re about to find out just how “good” trade wars are. As a net importer, with CPI at 2.80% and PPI at 3.10%, the US will likely see inflation continue to leak beyond its comfort zone.
Futures are currently off 14 points.
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