China Begins to Question Whether It’s Ready for a Trade War

[Catskillkid]

China Begins to Question Whether It’s Ready for a Trade War

I hate giving clicks to Bloomberg, however, maybe Trump's tariffs weren't such a bad idea now after all.

 

[kev74]

Wait, What? Trump did something good????

Time to gin up another baloney scandal!!!

 

[E the massive]

Fine with me. Buy low.

 

[BDinPutnam]

Fine with me. Buy low.

Any and all trade wars inevitably end with everybody but a select few buying high.

You think we can endure higher consumer prices and deprivation than the red Chinese?

I say this not because I am some globalist yadda yadda dismiss me for whatever reason but because frankly- Trump really does have no idea what he's doing on trade. Protect 10,000 steel jobs? Great! You just fucked 60,000 downstream jobs in industries that use steel.

Government out of picking winners and losers, as much as out of my gun cabinet, wallet, and bedroom please. Remember when we said that was bad (see: Obama and banks, auto industry)? Principles shouldn't change when the guy wielding the pen is your guy.

 

[Podmonkey]

China is well aware that they need our trade more than we need theirs. Not to mention that while there are working to stickpile gold they still own a huge amount of our debt. Hurtjng our economy hurts our ability to pay. I think China is in a worse spot then we are. They are losing their manufacturing base to cheaper developing nations and they are facing the same inflation issuesbas the rest if the world.
Fiat currency has to go.

 

[Burzum]

God Bless Trump being the first US President to take on the trade war in a significant way...WAKE UP CALL we are already in a "trade war" and have been since 40 years of trade deficits.

Every $1 Billion of trade deficit = over 20,000 American jobs lost; Trade Deficit in 2017 = $568.4 billion ===== massive job loss, destroyed communities, an obliterated tax bases in those communities, and a devastated manufacturing base.

All these "free trade" cocksuckers living the dream profiting off from Chinese or Mexican rubber dog crap forgot the basic lessons of history:
--As Eisenhower pointed out economic instability is more dangerous than communism to America,
--Only 33% of adults 25 or older have a bachelors where is that other 67% supposed to find work without good -paying manufacturing jobs,
--Chinese imports brought us poisonous and deadly, pet food, human pharmaceuticals, and numerous toys with lead and cadmium,
-- service jobs that replaced manufacturing jobs pay significantly less and offer fewer if any benefits,
--The lesson from the War of 1812, The Confederacy in the War Between The States, Germany in WW1, Japan in WW2, etc., a country under blockade without a manufacturing base cannot sustain itself.



The Plutocrats preaching unfair "free trade" like the Clintons/Bushes are American-hating globalists.

 

[livingston]

IF North korea ever opens up it will become one of the cheapest labor markets the world will see in the next 20 years .... Mfg's would pull out of China overnight .20 cent/hr wages at first would be doable .China needs exports to keep its unemployment low. Folks not supporting their families get .. upset ....Could get some crazy notion to overthrow the government if enough folks are .. restless....

 

[Toecutter]