NightFox
Wildling
- Jul 20, 2013
- 11,549
- 3,219
Yes it will hurt the Chinese economy but they are in a position to absolutely DEVASTATE our economy if we back them into a corner, do you really want to put your and your families standard of living at risk based on Donald the Demagogues laughably simplistic "plan" ? He's got nothing to lose whereas you and your family have everything to lose when it turns out that the Chinese aren't going to sit idly by while we openly attack their economy and violate our trade agreements.We have a 400 something billion dollar deficit with them a YEAR. I think that is something important to remember.For starters they'll slap comparable import duties on our exports and thus cost U.S. Exporters jobs, they're also likely to cut back on government purchases from U.S. companies which will end up costing more jobs and finally they could easily stop/cut-back on lending our Federal Government money and/or dump treasuries on the open market.What are they going to do though?led to trading partner retaliation.
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If they dump it, they will lose billions.
China doesn't like losing money. That much is certain lol.
We would have to have them on a ledge of a cliff to do those things. IMO