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To: BroJoeK
Total US imports & exports represent about 10% of U.S. GDP.
Total US imports & exports with China represent about 3% of our GDP.
We'll find other sources and customers

When?
And how long will that take?
We've been complaining about the massive Chinese trade surpluses with America for DECADES, and still not been able to do anything about it? What makes you think the totally incompetent Dementia Joe regime can fix that?
How will the US economy do in the meantime?
US inflation has already sky-rocked to 40 year high 8.3% just from the Russia Ukraine war, two countries that have a small economy as compared to the huge Chinese economy.
how do you think an economic war with China will work out for the US economy?
Plus of course you talk like all parts of the economy are the same.
Prostitution in San Francisco for example, cannot be compared to the vital imports we make from China including a big chunk of our vital drugs.

China's imports & exports make up 35% of China's GDP.
US imports & exports make up 10% of the US GDP.
US imports & exports with China make up 3% of US GDP.
So they need us more than we need them.

Nope.
You left out the most important part:
The massive traded deficits that America has with China.
There are whole sectors of he US economy that cannot function without huge Chinese imports, like consumer electronics for example.

221 posted on 10/31/2022 3:41:29 AM PDT by SmokingJoe ( )
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To: SmokingJoe
BJK: "We'll find other sources and customers."

SmokingJoe: "When?
And how long will that take?
We've been complaining about the massive Chinese trade surpluses with America for DECADES, and still not been able to do anything about it?
What makes you think the totally incompetent Dementia Joe regime can fix that?
How will the US economy do in the meantime?"

Any major company which does not already have effective alternate sources to mainland China will suffer the consequences if & when a time of crisis comes.
So, that is not so much a function of our current regime as of investment decisions made in corporate headquarters.
Those which are themselves too corrupt to think ahead will be caught by "surprise" in a crisis, and will well deserve the consequences of their stupidities.

SmokingJoe: "US inflation has already sky-rocked to 40 year high 8.3% just from the Russia Ukraine war, two countries that have a small economy as compared to the huge Chinese economy.
how do you think an economic war with China will work out for the US economy?"

Our current inflation rate is strictly a function of the administration's vast overspending -- throwing too much money at not enough goods -- plus restrictions on domestic energy production.
Without those, US inflation today would be far lower.

"Economic war" with China -- whatever that term may represent -- will force Americans to develop alternate sources to mainland China, including our own domestic manufacturing.
That would be a good thing for everyone.

SmokingJoe: "Plus of course you talk like all parts of the economy are the same.
Prostitution in San Francisco for example, cannot be compared to the vital imports we make from China including a big chunk of our vital drugs."

In my opinion, there's no reason why anything truly important should be sole-sourced from mainland China.

SmokingJoe: "Nope.
You left out the most important part:
The massive traded deficits that America has with China.
There are whole sectors of he US economy that cannot function without huge Chinese imports, like consumer electronics for example."

"Consumer-electronics" = video games, you think those are "essential"?
I think alternate-sources for essential items should be a matter of law, so that if the Chi-Coms go berserker on us, then they can be berserkers in their own little sand-box, and their insanities will not ruin us.

You disagree?

226 posted on 11/01/2022 5:25:26 AM PDT by BroJoeK (future DDG 134 -- we remember)
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