As Jason Burack of Wall St for Main St predicted about a month ago, the US vs China trade war continues to escalate with dueling tit for tat punitive tariff announcements by China and President Trump on almost a daily basis over the last few weeks.
It appears the first American victims (major collateral damage) of the trade war are going to be American farmers who grow certain fruit, almonds and other legumes/nuts, and pork farmers.
American farmers are running TV commercials on Fox News now on almost an hourly basis begging President Trump to stop escalating this trade war with China which could threaten their financial livelihood and could bankrupt their farm small business.
- Source, Wall St for Main St
