This time it’s real. Here’s why…
If the U.S. needed to invade Iraq and Libya to protect the petrodollar, then you can be sure that they need China’s help to protect the petrodollar. The U.S. can’t afford to lose any countries there.
China has vowed to fight the U.S. ‘at any cost’ after President Donald Trump proposed slapping an additional $100 billion in tariffs on Chinese goods – escalating an already bitter trade war.
Trump’s surprise move Thursday came a day after Beijing announced plans to tax $50 billion in American products, including soybeans and small aircraft.