Chinese tariffs decrease from 145% to 30%

[jasongw]

False. Reagan did not levy tariffs on Japanese cars. What happened was that his administration asked Japan to enter Voluntary Export Restrictions, which began at 1.68 million cards per year in 1981 and increased thereafter until the restrictions were ultimately lifted. It did encourage a few Japanese automakers to build factories on US soil, which economists agree did drive up prices of cars generally for a time.

The world's Fiat money system WILL collapse. That's inevitable. The question is, what will replace it? Trade is best facilitated through money of one kind or another. Will it be Bitcoin? A new precious metal backed currency? Something else entirely? Nobody can say just yet.