Shocking ‘Near Zero Growth’: Hong Kong is Another Loser in the US-China Trade War
Eric Lam reports for Bloomberg:
“The trade war between the U.S. and China and slowing retail sales dragged Hong Kong’s economic growth down at the end of last year, with exports showing almost ‘zero growth.'”
What’s astounding to me is that the people of the world accept that peaceful acts of commerce between consenting adults is any of the U.S. federal government’s business.
Tariffs Are A Form of Dictatorship
Willis C. Hawley (left) and Reed Smoot in April 1929, shortly before the Smoot–Hawley Tariff Act passed the House of Representatives. Source: The National Photo Company
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