The "Trade War" Is Over, Trump Just Doesn't Realize It Yet!
• Zero Hedge - Tyler DurdenWhile the markets will likely react positively next week to the news that 'talks will continue,' the impact of existing tariffs from both the U.S. and China continue to weigh on domestic firms and consumers.
For example. Do Americans know how to make cars? YES! Why don't Americans make most of their own cars? Two reasons. Cheap, un-import-taxed labor overseas. Income tax doesn't let people afford American-made cars. --- A 1000+% import tax on cars would bring in enough money so that we wouldn't need income taxes, so we could afford the cars we would make to fill the demand for foreign cars we couldn't afford any longer. Also, less income tax would trash the FED Ponzi system which allows Government borrowing based on potential tax returns. Smaller Government = more money into the private sector so that the FED and their banks could stay alive.