China is digging in for the long haul. Everyone will be paying more for goods on both sides of the ocean for the foreseeable future. Are we getting what we’re paying for? You be the judge. Our trade deficit climbed 9% just from June to July. Retaliatory tariffs are pricing American goods out of the range of consumers in our overseas markets. Wasn’t this wrong-headed trade war supposed to decrease the trade deficit? Only in the mind of someone who hasn’t a basic understanding of economics, like our Republican president.
Don’t you just love that Dow?