Trump's Tariffs & Trade Wars

Says China? Is this the same China that creates ghost cities to prop up their GDP?

There are two issues with this statement. One, what percentage of Chinese construction is ghost cities that won't ever be occupied, and two, is the practice still being done. Funding for housing projects in China has been throttled early this decade.

Ironically, the effect of overbuilding on the economy is to depress the GDP, by pulling down housing prices and rents, while the GDPs of F.I.R.E.-based economies like Canada, Australia or the US are greatly inflated by artificially-high housing prices, and by their use of imputed rents in GDP calculations, which China doesn't.

 
Canada Mark Carney visits China to arrange a strategic partnership between the 2 nations.
Mark recognizes the new world order.

China cuts tariffs on Canadian rapeseed to 15% and suspends duties on canola, lobster and other products.
Canada to import 49,000 Chinese EVs at a 6% tariff down from 100%
Allows Visa-Free to China for Canadians.









 
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The India-USA interim trade deal has finally been concluded, first step. Tariffs on Indian products are decreased from 50 to 18 percent, India will agree to halt Russian oil imports and switch to US oil. India is also committed to buying 500 bn USD of US products in the next 5 years, additional clauses mention a 20 bn USD defence deal. These are just some of the details.



 
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