So, the President threatens to end trade with the G6. Think about that for a moment. These are the six largest advanced economies on the world. With the U.S. that is 62 % of world's trade and 42% gross domestic products for the world.
Now walk around your house. Start looking at the made from tags. (They may say manufactured in) How many of them say Japan, Italy, or Germany? (Yep, that car counts too.) Need some lumber for that house project, new deck, or swing set for the ...kids? Well, you can just forget that. See, we get most of our lumber from Canada. How's those meds you are taking? And what type of plane did you fly on during that last vacation? All from France. And England? A power house financial country. They own lots of companies and properties here. And that is the stuff off the top of my head. There are many more.
And what about the exports we do to them? How much agriculture will now sit on the fields and rot? How many pigs, cattle, and chickens are going to slaughtered and never make it to market? Think the American farmer is struggling now, just wait until this happens. And all of this impacting the heart Trump country.
On Monday, will the market react negatively? I think so. If it does, say goodbye to those "great" gains to your 401K. You are now going to be working a hell of lot longer in your career. (Well into your late 70s.)
Congratulations, Mr. President. Instead of "America first," you are turning into "America alone."
https://mobile.twitter.com/thehill/status/1005533269855821824
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