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The consensus among economists is that it's a terrible idea which will hurt everyone. Often this sort of trade war is a precursor to real war. Trade is not a z
by golangnews 8y ago
The consensus among economists is that it's a terrible idea which will hurt everyone. Often this sort of trade war is a precursor to real war.
Trade is not a zero sum game.
https://www.bloomberg.com/news/articles/2018-05-02/economists-invoke-great-depression-in-warning-to-trump-on-trade https://www.bloomberg.com/news/articles/2018-05-02/economist...
- thwy12321 8y agoThe people enacting these policies (Trump admin) argue that what we currently have is not trade, given how the Chinese have manipulated the markets, it is a one sided agreement. Free trade requires both sides not place restrictions on the others. Would you say this is true? Sometimes I feel like economic theory is like psychology, it seems real, seems like it has truth, but counter examples are abundant?
- gonvaled 8y agoIt's indeed not free trade, since the playing field is tilted massively in favor of the US, by controlling the global currency.
- lostlogin 8y ago“Trade wars are good, easy to win”. It’s an amazing statement and it will be interesting to see how it pans out. https://www.google.co.nz/amp/s/www.cnbc.com/amp/2018/03/02/trump-trade-wars-are-good-and-easy-to-win.html https://www.google.co.nz/amp/s/www.cnbc.com/amp/2018/03/02/t...