Gerald Celente On Trade War, Emerging Markets Collapse And Gold
KingWorldNews.com
June 20, 2018
The top trends forecaster in the world, Gerald Celente discusses the trade war, emerging markets and gold.
Trade War
June 20 (King World News) – Gerald Celente: President Trump’s threat to launch a $200 billion tariff attack on China if they refuse to “change its practices,” we conclude, personifies his more-talk-than-action, “go to the end” then “back-peddle” negotiation style.
For example, with bluster and bravado, last year Mr. Trump threatened to “totally destroy” North Korea, calling its leader, Kim Jong Un a “maniac,” and “madman,” only to praise him as “very open” and a “very honorable” negotiator following their meeting this month in Singapore.
We contend Trump is deploying his “Art of the Deal” strategy with China. They have a $375 billion merchandise trade surplus with the United States, and will negotiate rather than kill off its lucrative export money stream.
And while China has responded to Trump’s $50 billion tariff with tit-for-tat measures, the economic impact of those tariffs on China is modest, shaving some two-tenths of a percentage point off its gross domestic product after two years.
But as the political and media world stir hysteria of impending trade war doom, we are tracking a trio of essential developing trends that pose substantial threats to global market stability: Rising interest rates, Emerging Market meltdowns and oil price spikes.
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