FAST FIVE: Trump Vs. The World: Jim Rickards Warns "This Will Get Ugly Fast"
Just look at the market reaction since Trump began tweeting that a deal was unlikely earlier this month.
There's a big difference between confronting China today versus confronting, say, Japan in the 1980s.
Next time, the Chinese may choose to retaliate not only with further tariffs of their own, but also with other forms of financial warfare.
Markets still are not fully prepared for this, but you can be.
Now is a good time to increase your cash allocation to reduce volatility and increase your exposure to gold as a safe haven.