Anatole Kaletsky is chief economist and co-chairman of Gavekal Dragonomics. A former columnist at the Times of London, the International New York Times and the Financial Times, he is the author of Capitalism 4.0: The Birth Of A New Economy, which anticipated many of the post-crisis transformations of the global economy.Well of course hacks like this would cheer on Red China.
They need our market more than we need theirs.
They’re counting on that famous American lack of patience.
Nope. Not only is China going down - but Brett Kavanaugh us going to be Justice for over half a century so there.
>> ironically, this apparent strength is Trump’s fatal weakness.
Ironically, the apparent right to abortion is a fatal weakness.
Argument is silliness squared.
It ignores the rest of the world for one.
Foreign competitors will also angle to take some of the Chinese business.
And if the Chinese lower prices (or mess with their exchange rates) to adjust for tarriffs, how are US importers going to get dinged?
Geez, libs are idiots...
Since Trump was elected and started this trade war with China which most economists indicated would be ruinous for otr economy the US stock market is up 27% and the Chinese market is down 20%. Every time Trump layers new tariffs on China the US market surges to new highs. The economists might want to listen to the markets rather than their own inner voices. Seems to me the markets are telling us that the best thing we can do from a trade perspective is unload China altogether as a trading partner
Hey we got along without their junk before, we can do it again. Besides our landfills are getting full of cheap disposable goods.
China has more to lose.
America buys more from China so raising tarrifs hurts the Chinese more as it creates price parity for products made in the United States consumes by Americans. Prices will rise but so will quality.
False argument. Consumers will buy what they can afford and buy cheaper items. If cost is passed on to consumer, consumer will buy item from someone else or not at all. That doesn't fuel inflation. Others will fill the vacuum caused by pricier Chinese goods, which will hurt China not us.
This guy’s from the Paul Krugman school of wishful economics.
This guy’s from the Paul Krugman school of wishful economics.
Lol... after this round, they only have around $40B of US imports, and most of that is Boeing. The Chicken Littlesbare crying again.
Look to a commie Irish to trot out the failed Ricardo and Keynes theories to justify the further economic genocide of US citizens.
Kaletsky is full of BS.....
We surely will if they let Grassley anywhere near it.
Sorry, but the good thing about Trade with China, is that China backed itself into a massive corner.
The U. S. has much less to lose than China does.
Unraveling is the key word in China these days.
The EU is complaining about us. Last night, the BBC also spoke of a “trade mechanism” that will be used for Europe to continue trade with Iran.
It was described as some sort of high tech barter system involving trading goods without using American dollars. An Italian woman leader of the EU announced it. I was guessing about the “Italian” part by her name (sounded Italian).
The EU can’t feasibly stop trade with us, by the way, and won’t be joining China against us to any meaningful extent. The EU is being cheated by China, too.
We can only gain, if we’re tough enough to pay slightly higher prices for some things for a short time. That has already begun, and we’re doing better than before. We need more manufacturing just to get what we need here, and we will have access to far more than enough natural resources.
I’m older, mind you, and I’m not complaining. ...perfectly willing to do it and work a little more through the end of my life for the sake of my grandchildren and their children.
Think of it as another adventure. :-)
The US consumer will have other choices. Countries like India, Indonesia, Philippines, Thailand, Vietnam have the capacity to make all the low tech manufactured products that China made. South Korea, Japan, Taiwan can replace Chines high tech goods.
Isn’t it better geopolitically to strengthen out allies via trade? Sure, tensions will increase, but that also means that the Pacific rim nations will buy more US military products.