US and China heading for ‘war’ that will bring down world economy – 10 years after crash
THE US and China will soon be engaged in a trade war that will devastate the world economy, it has been claimed.
By Tom Towers, EXCLUSIVE
DailyStar.co.uk
1st October 2017
US President Donald Trump has previously threatened economic action against Beijing, pledging a 45% tariff to force up the cost of Chinese imports to the US.
However, China has warned it will hit back harder if Trump follows through with his threats.
An editorial in the regime-run Global Times newspaper last year warned: “The new president will be condemned for his recklessness, ignorance and incompetence and bear all the consequences.”
Now a US expert fears action from Trump is imminent.
Businessman Jim Rogers told Daily Star Online: “When things start going wrong, then Donald Trump will start a trade war.
“He thinks that will solve the problem, it won’t. It will make things worse, no-one has ever won a trade war.
“I expect things to go wrong by next year, sometime in the next several months something will happen and he will take action.”
Asked what effect this conflict would have on the global economy, he replied: “It’s going to be the worst financial situation in your lifetime.”
The Rest…HERE
