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From my personal perspective, the main potential impact of this trade war probably won't be my programming career, but the "Middle America" farm that's in our f
by soundwave106 9y ago
From my personal perspective, the main potential impact of this trade war probably won't be my programming career, but the "Middle America" farm that's in our family.
One of our crops is soybeans. China loves US soybeans. (https://www.agweb.com/article/will-chinas-hunger-for-us-soybeans-last-naa-ben-potter/ https://www.agweb.com/article/will-chinas-hunger-for-us-soyb...) US soybean exports are one of the obvious targets of any trade war with China. Artificially reduced demand (due to what is in effect a, um, regulation) doesn't seem like really good news if you grow soybeans, right?
The consensus in the media is that it is actually the manufacturing / resource / agriculture states (eg: the "red states") who will be hurt the most by tariffs (eg, articles like this: http://money.cnn.com/2018/03/05/news/economy/trade-war-red-states/index.html http://money.cnn.com/2018/03/05/news/economy/trade-war-red-s...). Professional opinion wise, I searched and actually couldn't find an economist who had anything positive to say about tariffs (if someone can find one, I'd love to read the link, but it's pretty telling that the overall sentiment is that negative). So right now, I'm not sure at the moment what long-term benefits you are thinking of. Political or strategic, maybe?
- kregasaurusrex 9y agoAnd the consequence of these groups having lower discretionary income shifts their buying habits to favor items that are cheaper to manufacture and likely don't fall within having an active Chinese patent covering them. Putting a tariff on the foreign good targets people who see equivalent value between the US and non-US good in order to sway their decision to the domestic choice.