Posted on 03/15/2017 1:56:55 PM PDT by SeekAndFind
That’s a laugh.
Like expecting high quality products from China...
I love it when life-long true believer commies tell capitalists how the marketplace works.
...the American consumer would pay for the 100% tariff/tax.
they could do what - raise theirs to 1000%...
...and the Chinese consumer would pay for the 1000% tariff/tax.
Each shooting themselves in the foot. Exercise in futility.
Not necessarily
Part of the problem with Chinas growth is they have been sucking jobs away form the US, while keeping their own wages down, so a tiny minority of folks on both sides of the pond garner the gains. As the US middle class declines that is more and more of a losing proposition for everybody and the situation can continue only because of the US current status as a the reserve currency for the world.
Presumably China is threatening that status if we invoke a trade war to bring back jobs to the US.
Now if a trade war makes china go the route of Henry Ford, that is develop their home market and while the US has to employ US folks to make US products it means less profits for the very rich, while more money spread out over a wider population. Ultimately good for both nations. Of course it may well threaten our status as “the” reserve currency.
Ponder this: It was very possible pre 1974 for a young man and women to get married at age 20 to 22, the husband to work a conventional job and the family to get by comfortably. No college degree required, houses cost around 3 times the yearly salary of the hubby alone. To stop the decline in the domestic populations birth rate (~1.73 right now, need 2.07) you need to go back to the time when such a life was possible. People do not need cheap plastic crap to have a fulfilling life, they need a spouse and breeding territory sufficiently secure that they have kids. Nature takes care of fulfillment from there.
Economic efficiency in international trade may make winner take all markets, which allow famously rich folks like Gates, Jobs and Zukerburg. Being the reserve currency of the world may allow self important politicians a lot of glory as the predominate military power. Neither does nothing for the common Joe and Jane.
“They’d be in total chaos six hours after we told them “you’ve just made your last shipment to Walmart””
Exactly what I was thinking.
You still haven’t figured out that free-market “globalism” is not political globalism. Maybe after a millennium or two you’ll get it. Go back to sleep.
Free Trade inside the USA, out side never!
The average American family will do fine with a little less cheap Chinese crap in their homes.
I wish the ChiComm butt kissing Free Traitors™ would move to China.
Amended.
Would free up a good bit of landfill space as well.
Not much of a bargain.
And best of all, we get more voters willing to vote Democrat to boot.
The trade deficit with China begs to differ.
What did they do during WWII?
agreed. I would love to see how their little commie dictatorship fares with hundreds of millions of angry, hungry, unemployed people rioting in the streets.
Chinese are among the biggest liars/ propaganda artists on earth.
A likely scenario is that Walmart, Family Dollar, etal can’t put merchandise on the shelves. Employees lose jobs. Stocks go down. People without work can’t pay their rent. Landlords can’t pay their mortgage. Many similar scenarios in other industries.
Meanwhile, China has to sell its crap somewhere. So it sells it cheap (dumps it) on the rest of the world. That puts local businesses from Mexico to India to UK at a disadvantage. They either join the trade war or go out of business.
Need more scenarios?
IF THE BUYER DOESN’T BUY, HE KEEPS HIS WEALTH.
IF THE SELLER DOESN’T SELL HE KEEPS HIS STOCK.
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