The following is quoted from a newsletter that I subscribe to and that is published by Jim Rickards.
"Trump will soon receive a report under Section 301 of the Trade Act of 1974. That report has been almost a year in preparation and will reveal that China has stolen over $1 trillion in U.S. intellectual property. Section 301 gives the president broad authority to impose sanctions and penalties. These penalties are not limited to specific sectors but may apply across a wide range of goods and services from China that benefitted [sic] in any way from the theft of IP. Initial reports indicate that these penalties will be about $60 billion. But, that's just for starters. Trump will wait to see if China is willing to make concessions in other areas. If not, he can easily double or triple that $60 billion figure. Wall Street has its head in the sand. This trade war is not going away anytime soon. It will last for years, get much worse and be a major headwind for stock prices."
"Trump will soon receive a report under Section 301 of the Trade Act of 1974. That report has been almost a year in preparation and will reveal that China has stolen over $1 trillion in U.S. intellectual property. Section 301 gives the president broad authority to impose sanctions and penalties. These penalties are not limited to specific sectors but may apply across a wide range of goods and services from China that benefitted [sic] in any way from the theft of IP. Initial reports indicate that these penalties will be about $60 billion. But, that's just for starters. Trump will wait to see if China is willing to make concessions in other areas. If not, he can easily double or triple that $60 billion figure. Wall Street has its head in the sand. This trade war is not going away anytime soon. It will last for years, get much worse and be a major headwind for stock prices."
