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Trade Wars

Discussion in 'Politics/Religion' started by Spike, Aug 8, 2018.

  1. Spike

    Spike Well-Known Member

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    Hope Trump has a better plan other than just throwing more & more tariffs against China because we will not win a trade war with them if he keeps dragging this out. Heck they have over 1.3 billion people compared to our 323+ million. American workers, small businesses & farmers are already losing out. Just today Element electronics said they will be shutting down their US factory in South Carolina. The company my wife works for lost 2 foreign accounts in retaliation of the tariffs, they lose any more and they might go out of business. I think 5 -10% tariffs would have done the job instead of this 25% bullshit.
     
  2. RacerXero84

    RacerXero84 Obnoxious old fart

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    Eh.... China's population has little to do with the GDP, given that many of them live in various outlying provinces.
    Something has to be done about the economic war being waged by the Chinese government, as they have shown time and again that their strategy is to eventually 'own' other countries through economics. Left unchecked over extensive periods of time (as it has been) will afford them the ability to potentially do just that. Is it right that some businesses are suffering? No. But if anyone is going to point fingers, point them at China, who has decimated many other businesses by undercutting, leveraging, and their own outrageous tariffs.

    I guess people are quick to forget about the concepts and tenets of Free Trade.

    Also, if you REALLY want to be upset at the situation, be upset at the previous administrations (not one but many), that kept selling control of our debt to China, given that they have never masked their intentions. Then we ramped up the debt by 2x's in less than eight years, and we wonder how some country who used to just make cheap knock-offs can stand toe to toe with the economic might of the US. Everyone else folded, except them.
     
    nj9703 likes this.

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