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Oh yes, because the US (not we, I'm European, thank you very much) has a trade deficit with China it's inherently bad for the US? Where are you going to get a
by Improvotter 8y ago
Oh yes, because the US (not we, I'm European, thank you very much) has a trade deficit with China it's inherently bad for the US?
Where are you going to get a good price for steel (and not only steel) when you add a 25% tariff on it when it comes from China? It'll lead to American products also being more expensive and it'll lead to a lower purchasing power in the US.
Other countries can also higher their prices for the US because why wouldn't they? The US isn't gonna get it cheaper from China... This leads to an endless price war that is not good for anyone.
Edit: also see thinkcontext's comment: https://news.ycombinator.com/item?id=17716933 https://news.ycombinator.com/item?id=17716933
- bluGill 8y agoDon't mix short term and long term. Short term we have 25% tariffs. What about long term? Trump has stated some goals that would end the tariffs. If he succeeds that changes things and it is worth the short term trade. Of course who knows if he will succeed. Ask me in 20 years what the real result was.