Trade War Equals Disaster – LewRockwell

With US and European stock markets near historical highs, Rogers is looking for investments in Russia, China, Japan or Vietnam

Veteran investor is already predicting the worst bear for stocks in his lifetime. And that’s before you figure in a trade war.

“The next bear is going to be the worst in my lifetime — just because of the debt — but if we also have a trade war, it’s going to be worse than a disaster,” Rogers, the 75-year-old chairman of Rogers Holdings Inc, said in a Moscow interview. “I’m extremely concerned. I’ve read enough history and been through enough to know that trade wars are usually a disaster.”

Rogers spoke as the prospects for a full-blown trade spat looked to be increasing. President Donald Trump plans as much as $60 billion of tariffs on Chinese products as early as this week to swat Beijing for alleged intellectual-property theft, according to two people familiar with the matter. Meanwhile, is preparing to hit back with levies aimed at industries and states where Trump’s supporters are found, the Journal reported, citing unidentified people familiar with the matter.

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