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Let's go back to basics --- show me the evidence that a large scale trade war is "winnable". It's the economic version of the "nuclear option". There are no "w
by jqpabc123 2y ago
Let's go back to basics --- show me the evidence that a large scale trade war is "winnable".
It's the economic version of the "nuclear option". There are no "winners" --- everyone loses. And those who will lose the most are largely Trump voters.
WalMart shoppers, prepare to be gouged.
This is absolutely unprecedented. No country in history has ever intentionally engaged in economic self harm to this extreme.
Over $10 trillion wiped from equity markets in 4 months. The same companies that are supposed to "Make America Great Again" have just been handicapped --- in more ways than one.
This is how you "Git er' done" with Larry the Cable Guy as leader of the global economy. It would be funny if it wasn't so serious.
- rsynnott 2y ago> show me the evidence that a large scale trade war is "winnable". I don’t think there _is_ any, not for a “one country vs the world” one like this. Country v country, maybe, though even then they rarely in practice work out well. I’m not sure any large developed country has done this in the modern era. The closest might be Brexit, in that the UK voluntarily exposed itself to all manner of tariff and non-tariff barriers on what was previously the free-est trade around, but it’s a bit different; EU tariffs are not particularly high, and the UK in practice mostly suffered from more nebulous non-tariff barriers (mountains of paperwork and inconvenience and shipping difficulty and so on, which previously didn’t exist within the Common Market).