The death sentence that the US Congress gave to ZTE after Trump arranged a sweet-heart deal, along with the incoming $200 Billion in new tariffs should prove to be another point of agitation for the Chinese Emperor - for life - Xi Jinping. The opening of a US consulate in Taiwan should be another affront to China's policies of reigning in of the perceived 'rogue province'. Trump is proving to be the "maverick" that is quickly dragging the US out into deep waters without a life boat for safety. History has taught us that 'Trade Wars' can often spiral out of control fast into 'Hot Wars'. Although markets are down globally, they have yet to fully adjust to the price risks inherent in a dangerous game of brinkmanship between World Powers. So far, 1/2 a trillion dollars in company stock buy backs has managed to keep the markets afloat but the question is when will the dam break and result in nothing to stem the fear in the markets?
News:
Trade War Escalates:
https://www.cnbc.com/2018/06/19/us-stock-futures-trade-tensions-in-focus-for-investors.html
https://www.wsj.com/articles/markets-begin-to-take-threat-of-trade-war-seriously-1529411543
https://www.zerohedge.com/news/2018-06-19/trade-war-escalates-china-running-out-tit-trumps-tat
