Quote: “Are you saying that there will NOT BE job losses, slower economic growth and a drop in exports due to China’s retaliatory tariffs?”
It is a War and there are casualties on both sides. So let me ask, who wins wars? Usually the side with less casualties. China sells a crap load more to us than we do to them.
As far as the cost of manufactured goods. Yes, it will increase costs on any company that manufacturers in China and imports into the U.S. But consider this, sooner or later those manufacturers are going to move their operations if they get no advantage for selling into the worlds biggest market. The savings on labor costs will be eaten up by the added cost of import.
As Trump has said, make your stuff in America.
It’ll also make China eat their own dog food.