Crepitus
Diamond Member
- Mar 28, 2018
- 76,186
- 74,106
- 3,615
Lol, no. The trade imbalance isn't what you kids seem to think it is, and "fixing" it won't really do much of anything. Meanwhile tariffs on imported goods are paid by the importers, not the exporters. That's Americans in case you weren't aware, and they simply pass the cost to you and me, the consumers.All they need to do is Stonewall for 18 months or so. The next president will.be smart enough not to try to fight a trade war everyone concerned will lose.Winning a trade war doesn’t mean others conform to your lifestyle. Winning a trade war is done by underwriting the lifestyle of the other side without them either knowing or caring. Look at Wal*Mart’s revenues for exhibit A.
We will never understand the oriental mind....a year in Vietnam convinced me of that. If this was a "war", we'd have already painted our asses white and run with the antelopes. This is grinding....China can't face 25% tariffs for long, especially on another $300B in goods. They've already hit us with their best shot...we spit a tooth, laughed, and came back at them. China is so over-leveraged they're only a major disruption away from collapse...don't care if you believe that...people smarter than me and obviously smarter that you agree. Trump is giving them enough rope to hang themselves....and they will.
Pretty optimistic there, Creep. Likely closer to 60 months I think. The reason why we're in this problem NOW is because past presidents have been afraid to fix the trade imbalance! As usual, your estimates of what we will "lose" are short sighted------ like ripping a bandaid off, it hurts at first, but the goal is not permanent tariffs, the goal is to hose up trade bad enough, long enough that China agrees to fair trade---- for BOTH sides. They need to export their stuff about 7X more according to an economic expert I heard more than we need to export ours. We may suffer a bit but Trump's tariffs are gonna KILL China!
China is paying for the tariffs just like Mexico is paying for the wall.
That is to say "not at all".