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Trump says he's prepared to slap tariffs on all $500B in Chinese imports to U.S
- Leary 8y agoWhat's he gonna say? "I'm not ready to slap more tariffs?" This is entirely expected.
- ianai 8y agoI almost hope his self created recession/depression hits sooner than later. Possibly nothing else will affect his polling.
- anothergoogler 8y agoI for one hope that no recession/depression hits.
- intopieces 8y agoHope for the best, sure, but recessions are inevitable
- ianai 8y agoRussia can’t destroy the US through Trump without taking down its economic standing.
- SlipperySlope 8y agoJust wondering to what extent the fed will raise interest rates as promised tariffs raise inflation. The president might be persuading them otherwise. Look for his Twitter campaign to continue.
- urmish 8y agoYou'd rather see your own country go into economic depression than Trump's decision working out? How are you so certain that tariffs on China are a bad idea?
- ianai 8y agoTariffs lead to market inefficiency and failures. I’m only voicing statistical likelihood. People also largely vote based on the economy - which is itself its own falsehood, but beside the point. The thing I would like to see is Trump, the extremist right wing, and Russian influence driven from power. Unfortunately, this guy is also the slippery character that always chickens out before he meets his fate. Someone will eventually convince him tariffs will push him out of power and he’ll reneg. He is the pathological case that leads the self balancing system to destruction.
- cameldrv 8y agoI agree that Trump is a Russian agent, it's more than clear at this point. Economically though, the same theories that say that tariffs are economically inefficient say that running a $400 billion trade deficit for twenty years straight should be impossible. If you go back to first principles and some basic economic observations, it's fairly obvious that the trade policy of the U.S. over the past 40 years has not served the interests of a large majority of the American public, i.e. it is economically inefficient from the U.S. perspective. Trump wasn't elected by Putin, even if Putin did push him the last few yards over the goal line. If the Democrats are going to win, they need to be the party of truth and standing up for all Americans instead of just opposite-day Trump.
- ianai 8y agoReality is also not economic theory. Economic theory won’t lead you to becoming the government of the world sans title. But that’s largely what the US obtained following its decades long of economic market expansion through trade agreements. US debt is literally people who have agreed to take US currency in the future and are not themselves part of the US.
- slededit 8y agoWhile most of what he says is random and unreliable; His words on trade have been consistent and had follow through. I'd put the chances of it happening at close to 100% unless China capitulates or Congress blocks him.
- enitihas 8y agoCorrect me if I am wrong here, but I think a non democratic country like China will always have the upper hand in trade wars against a democratic one like the US, all else being relatively equal. They can always target politically sensitive agricultural produce in the swing states. I think the farmer vote in the US is quite significant. And the Chinese government does not need to worry about elections in the short term.
- threatofrain 8y agoI think that all democracies will need to find a defense against this sort of pressure, and that democracies could just as well wield this pressure against another similar state.
- enitihas 8y agoOff course, but states with two party alternative rules and a small number of deciding constituents (swing states) are more susceptible to such pressures.
- theandrewbailey 8y agoThe problem is that China built its economy on exports and relies on them, but the US doesn't. Also, I bet that farmers like Trump a hell of a lot more than they like selling to the Chinese.
- IOT_Apprentice 8y agoAsk the US Soybean producers how that is working out for them.
- fellellor 8y agoThey like money more than selling to China. Do they like Trump more than money?
- gremlinsinc 8y agoChina's leaders have enough money, they could hunker down for a decade and not export anything and still be successful. The people would starve, and there'd probably be some put out of there misery, it'd be a humanitarian nightmare, but China is a dictatorship and will wither the storm better than we will, and face it America will cave as soon as we have a competent leader who repeals the tariffs and fixes our geopolitical status.