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This stinks!
I'm talking about the rapidly escalating global trade war.
It's like a series of stink bombs lobbed into the biggest foreign economies of the world.
It makes some of their biggest companies smell to high heaven.
And it transforms global investors into collateral damage.
Some people seem to think the trade
war began with President Trump.
But the fact is, it's been slowly building momentum …
Ever since the surging U.S. dollar made U.S. goods expensive as all heck overseas, gutting America's ability to compete in overseas markets …
Ever since the Great Recession transformed America's industrial heartland into the world's largest rust belt, and …
Ever since China became the second-largest economy in the world.
That's why we began predicting this trade war long before anyone else.
And it's also why, months before the 2016 election, we predicted Trump would win the presidency.
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The key is this: The global trade war is already sending shockwaves of fear up the spine of foreign investors.
They know their companies need access to the huge U.S. consumer market a lot more than U.S. companies need access to theirs.
They see how it's going to stink up the joint on their side of the world a lot sooner than it will in the United States.
This is why President Trump has not hesitated to take the initiative and drop the first bombs …
Last year, he announced tariffs on imported solar panels, most of which come from China, and washing machines.
In March of this year, he tweeted that "trade wars are good" and gave the world a heads-up about steep U.S. tariffs on steel imports.
Europe responded with threats of retaliation against companies located in U.S. cities and states where Trump got the most votes in 2016.
That did not make him happy. He wrote: "If the EU wants to further increase their already massive tariffs and barriers on U.S. companies doing business there, we will simply apply a tax on their cars which freely pour into the U.S. Big trade imbalance!"
Anyone who thought Mr. Trump was just bluffing learned differently on March 9th. That's the day he announced a tax on steel imports at 25% and aluminum imports at 10% — not just on select countries, but globally on virtually ALL producing countries.
On March 23rd, China hit back, vowing a "fight to the end ... with all necessary measures."
And on April 2nd, they did just that, slapping tariffs on U.S. imports, including a 15% duty on 120 American products such as fruits, nuts, wine and steel pipes, plus a 25% tariff on U.S. pork and recycled aluminum.
The next day, it was the turn of U.S. Trade Representatives to pound their chests. They recommended 25% tariffs on 1,300 Chinese goods — $50 billion worth of products in the aerospace, medical and machinery industries.
In May, there were some feeble attempts to back off from the trade war and negotiate peace. But that didn't last very long.
On June 5th, Mexico announced tit-for-tat tariffs and said it will target U.S. goods like bourbon and pork, and the next day the EU threatened something similar.
Then, just ten days ago, President Trump threatened to sharply escalate a trade conflict with China, asking his team to identify $200 billion in imported goods from China to be penalized with tariffs.
Adding that to tariffs already in place, the U.S. is now threatening tariffs on as much as $450 billion worth of Chinese goods.
That's big. In fact, it's far more than the TOTAL Chinese imports from the United States.
Now do you see why I say this is going to sink foreign economies a lot more than ours?
Now do you see why global investors are so anxious to get their money the heck out of there and flee to safer havens?
But I've put together an urgent investor briefing that shows you why this chaotic environment could be good news for you as an investor. The reasons may surprise you.
It's only 17 minutes long, and I believe the wealth-building secrets we reveal could dramatically improve your financial life.
Watching it could prove to be a very valuable investment of your time.
Simply click this link to watch it for free now. Or go here for my new special report.
But don't delay: This important video and report won't be online much longer. And when it's gone, that's it.
Good luck and God bless!
Martin
