Companies traded on US markets lost $700 million in value on May 13. Deutsche bank analysts immediately cried, “Investors should prepare for extended period of economic warfare!”
Really? Just because some American companies were smart enough to take advantage of lax US trade policy in the past and transferred a lot of their manufacturing capability to China are now going to have to pay the piper? They collectively made hundreds of billions in additional revenue during all those years, perhaps to the advantage of some US consumers but also to the detriment of many American