Michael Stumo joined us again… Trump was true to his word, he imposed a 10 percent tariff on the remaining $300 billion of Chinese imports. The stock market took an immediate hit and gold/silver shot significantly higher. This installment takes place on September 1, 2019, but Trump is promising to take the tariffs up to 25% shortly thereafter. Michael Stumo believes that the US is winning the trade war and that it’s in the process of decoupling from the Chinese Economy. There’s enough sources of low cost Asian goods to allow the strategy to work. However, whenever you go stirring up the world economy there’s always a risk of unintended consequences.
Sign up (on the right side) for the instant free Financial Survival Toolkit and free weekly newsletter.