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The war has been having a major impact on the economy.
Markets are staying relatively stable, surprisingly, to many analysts, but what is happening is that there is an increased cost of living for the average American.
Now, this is not only at the gas pump, where the price of petrol has risen sharply, but also in terms of everyday goods, because the single most important thing in terms of getting goods into the shops is diesel.
With the increasing price of diesel, transport costs go up. And, therefore, what Americans buy at the stores is increasing in cost.
This is going to have a political effect in the midterm elections later this year, because rising prices is something that President Trump insisted he would not allow. It was one of his campaign issues, and yet now, on his watch, prices are rising sharply.
Americans are noticing that, and certainly, it’s something that may impact which way they vote come November.
Chevron has done very well out of Trumps multiple attacks on competing suppliers of fossil fuels.
Europe has become dependent upon US LNG and the price Chevron can charge for US LNG has increased hugely.
The losers are traditional US allies, EU and Asian ones in particular.
The logic behind Middle East oil states relying on US petrodollar security arrangements is eroding now that the US is a major energy exporter and undermining their markets.
Trump is owned by Chevron and land grabbing Zionist Greater Israel war criminals.
China won the trade war.
Its mixed economy composed of both state capitalism and free enterprise can process raw materials more efficiently that any other industrialised nation.
This has come to the point of being an existential threat to the petrodollar as US debt closes in on $40 Trillion and Chinas annual trade surplus surpasses $1 Trillion.
China has become the major buyer of oil exporting nations which were foundational to USD/Petrodollar hegemony.
So Trump is responding like a typical poor loser imperialist bully and attacking Chinas energy suppliers- especially those who accept payment in Yuan.
The wealth and power of USA is built upon the petrodollar hegemony which is in turn dependent upon US military power projection capacity.
Iran has demonstrated that an asymmetric response to the declining effectiveness of the US military can result in stalemate and exposes the USA as a declining and ineffective 'security' partner.
How much Trump has to pay for plastic toys is the least of his concerns- he is revealing how unreliable and ineffective US military power projection has become.
It cannot build anymore of its high tech military equipment without the rare earths China now refuses to sell.
He has 2 days left before the US Congress need to grant him an extension of power to continue his unlawful trade embargo and invasion of Iran.
USA has run out of Interceptors and risks having its antiquated aircraft carriers blasted to the bottom of the sea by Iranian missiles.
The world is watching and the clock is ticking upon declining US empires petrodollar wealth and hegemony.
USA is losing in its desperate and unlawful attempts to block free trade and preserve the petrodollar via war crimes.
How much Trump has to pay for plastic toys is the least of his concerns- he is revealing how unreliable and ineffective US military power projection has become.
Unreliable? What's the PRC doing to rescue Venezuela, Cuba and Iran?
https://www.wsj.com/world/china/chinese-satellites-over-mideast-battlefield-put-u-s-on-edge-39e0d305
Note- Netanyahu’s corruption trial postponed again over ‘security reasons’...
Trump owned by Zionist war criminals and the world is watching.
Oil and gas make up a ton of stuff and are why we won't see the industry go away anytime soon. As the article mentioned, this was just the final straw, as the trade war has pushed a lot of countries to the breaking point.