Numerous prestigious financial publications have estimated a US 20 Billion dollar hit to the lucrative tourism trade.....America is now so much on the nose, tourism has plummeted since Trump's Bull in a CHINA shop approach to tariffs.....especially Canadian tourists!.
In addition, the State of California has filed a lawsuit in the U.S, Federal Court "accusing Mr Trump of abusing his executive powers and inflicting harm on California. " ...."California becomes the first state to to sue over Trump's tariffs".
Never in my wildest projections did I imagine so much damage could be inflicted by so few on America and the world economy.....This is like watching a slow motion car crash.....what next?
Hopefully, the rest of the world, including Fortescue, are able to quarantine off American tariff chaos and power on regardless with a lot less American trade. Good luck Twiggy and Team Fortescue!
Am I being overly optimistic? Wes Tiger
FMG Price at posting:
$15.04 Sentiment: Buy Disclosure: Held
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shop approach to tariffs.....especially Canadian tourists!
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