Trade

"Tariffs are really tax hikes."

"The White House says postal rates set via the 144-year-old pact give China an 'unfair' advantage."

Well, Richard Nixon was very successful getting re-elected in 1972, by goosing the economy by forcing the fed to hold down interest rates, fueling the inflation that would kick in 1973 when the oil crisis got underway. Because, like in 1972, the all is calm in the oil markets, and oil is cheap and plentiful for now.

"President Donald Trump’s decision to impose tariffs on an additional $200 billion of imports from China drags the biggest part of the U.S. economy into the thick of the trade war, threatening to deliver a more direct hit to growth."

'The 10 percent tariffs announced on Monday -- which take effect Sept. 24 and will rise to 25 percent in January -- affect everyday items including food, furniture, and clothing, making grocery shopping and holiday gifts potentially pricier. That broadens the trade fallout more directly into the realm of household spending, which accounts for about 70 percent of the U.S. economy."