| | | I recently spoke with Robert Kiyosaki for the Rich Dad Radio Show about the danger that the US – China Trade War may soon become a new Cold War.
In just over two months from now, President Trump intends to increase the US trade tariffs on $250 billion of Chinese goods from 10% to 25%. If he does, that will deal a serious blow to China’s already weak economy. China will retaliate. The consequences could be dire.
A US trade war with China has the potential to ignite geopolitical tensions on a scale that hasn’t existed since the collapse of the Soviet Union. Economically, a trade war has the potential to bring about a global economic crash at least as bad as that of 2008, and possibly much worse. Click on the link below to listen to Robert and me discuss the risks.
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Richard Duncan
Author, Economist, Consultant, Speaker
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