Stocks Plummet Due to China Trade War

I’m sure you have heard by now, the U.S. is engaged in a little dilemma with China. Is a trade war at its finest. The U.S. is taxing Chinese imports(imposing/raising tariffs), and they are taxing(raising tariffs) on U.S. imports. It’s basically a pissing match, who has the bigger balls type situation currently. Allegedly Trump and China are talking it out, thus suggesting this situation will defuse quickly. Facts are facts, China and the U.S. are co-dependent on each other. What is going on right now regarding increasing tariffs is simply tactics each country is using to get each others points across. China and the U.S. are essentially trying to teach each other a lesson. On Friday, Chinas Ministry of Finance announced it will apply new tariffs of between 5% and 10% on 75 billion worth of imported goods from the United States. Trump responded by raising rates on most of Chinas imports. Trump can be quoted saying “I could declare a national emergency” to illustrate the significance of such tariffs. As a result of these actions, stockholders are currently shitting their pants. Global economical events vastly affect the value(or perceived value) of stocks. Dow Jones plummeted 600 points as a result of these ongoing issues. In my opinion, this issue will be resolved relatively soon and the stock market will rise right back up. It would be a good time to invest in stocks. This is all politics, and an agreement suitable for both parties will surface soon unless both countries want to harm themselves. What do you think? Comment below.

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