With 145% tariffs on China (or today's Trump-floated number of 80%), they crunch the numbers and trade with China essentially stops. They run that through their models and that spits out assumptions around economic growth and inflation.
What happened in reality? Cheating.
Based on today's Chinese trade data, it hasn't taken long.
Justin wrote about this earlier and has been way ahead on this angle.
I expect that the greatest bull market in the world right now is importing Chinese goods, changing the labels and re-exporting to the US. It's in almost everyone's best interest to look the other way.
While I think this is all taboo to talk about in economic circles, maybe it should remain that way. Just no one tell Trump and the global economy can continue to hum along.
This article was written by Adam Button at www.forexlive.com. Read More Details
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