Tit for Tat Tariffs - The US versus the World

[Postvieww]

No. You made the claim. Back it up.

I know the answer. If you care you look it up.

 

[Postvieww]

Day 4 of Trump's fantasy land....is off to smashing success. Tired of winning yet?

U.S. stock futures were down sharply again on Wednesday after China announced retaliatory tariffs on U.S. goods in the latest escalation of global trade tensions.

Dow Jones Industrial Average futures dropped 790 points, or 2.1%.

Many are just too short sighted. Since inception the stock market has gone up, down and up and down. Just a little premature to freak out about the tariffs affect.

 

[wing2000]

Many are just too short sighted. Since inception the stock market has gone up, down and up and down. Just a little premature to freak out about the tariffs affect.

....and what is Trump's long term objective?

[I'm not freaking out....but I am concerned that in 5 - 10 years, the United States will be in a much weaker position as the rest of the world leaves us to our 19th Century view of the world.

 

[wing2000]

I know the answer. If you care you look it up.

Right. The notion that the United States, the richest country in the world, has been been ripped off after decades of benefitting from global trade is ridicolous.

 

[High Fidelity]

Higher tariffs by China on US goods now.

I don’t think Trump realises the US needs China more than China needs the US.

 

[Aryeh Jay]

Many are just too short sighted. Since inception the stock market has gone up, down and up and down. Just a little premature to freak out about the tariffs affect.

Yep, when I am driving East comming out of the Rocky Mountains on the Interstate and my breaks don't seem to be working, I don't panic, I just ride it out, they may start working again in a couple of miles.

 

[Nithavela]

Higher tariffs by China on US goods now.

I don’t think Trump realises the US needs China more than China needs the US.

Let's see what the expert says:

 

[Postvieww]

Higher tariffs by China on US goods now.

I don’t think Trump realises the US needs China more than China needs the US.

China needs our markets. Don’t fool yourself.

 

[wing2000]

Yep, when I am driving East comming out of the Rocky Mountains on the Interstate and my breaks don't seem to be working, I don't panic, I just ride it out, they may start working again in a couple of miles.

...and no off ramp.

 

[wing2000]

China needs our markets. Don’t fool yourself.

Sure they do. The question is, who can endure more pain? I submit, American will revolt when their local dollar store becomes the Dollar + Tariff store....

 

[GoldenBoy89]

Yep. China can outlast Donald Trump. He just doesn't realize that....yet.

Not only can they outlast Trump, they can outlast the entire United States. I don’t know what idiot decided to get us into a belt tightening contest against China but here we are.

 

[Nithavela]

Not only can they outlast Trump, they can outlast the entire United States. I don’t know what idiot decided to get us into a belt tightening contest against China but here we are.

Maybe Trump is betting that all the obesity americans have been accumulating over the last decades can finally be put to good use.

 

[Belk]

Just fine you say with an unsustainable debt crisis which would drive the nation into bankruptcy. We were not just fine this country was on a collision course with insolvency.

Insolvency? The single richest country the world has ever known was on its way towards being out of money? Want to show us the math on that wild claim?

 

[essentialsaltes]

Yep. China can outlast Donald Trump. He just doesn't realize that....yet.

We won't be seeing any Hands Off protests in China anytime soon.

 

[Belk]

Look at the current national debt. Countries have been sucking the lifeblood out our economy for decades. The only reason why the stock market is as high as it is now is because past presidents knew we were getting hosed but ignored the problem because the profits were too good. Also, the problem worsened with the irresponsible deficit spending and money printing that artificially propped up the economy and stock prices. This was unsustainable and if Trump didn't do something now, everything would have collapsed (self corrected) in a short time.

This is the second time I have seen this claim. Can you please explain the reasoning on this? How is the fact that we run a deficit in our spending show that we are being taken advantage of?

 

[loveofourlord]

This is the second time I have seen this claim. Can you please explain the reasoning on this? How is the fact that we run a deficit in our spending show that we are being taken advantage of?

funny how NO ONE has responded to explain how countries 1/50th the size of the US are supposed to fix their trade deficits.

 

[Postvieww]

Sure they do. The question is, who can endure more pain? I submit, American will revolt when their local dollar store becomes the Dollar + Tariff store....

The Dollar Store has been the $1.25 store for quite some time.

 

[Aryeh Jay]

...and no off ramp.

I learned those are no joke.

 

[7thKeeper]

I just wish that the EU had the political willpower to follow suit.

No symbolic tarriffs on harley davidson and whiskey. 50 % on everything, including digital services (where the USA has a trade surplus).

I think the services part to some degree is being talked about currently. As well as increasing production and purchasing of military equipment locally, which amusingly enough made Rubio go "whoah, whoah now! Let's not go crazy now, please?"

 

[wing2000]

The Dollar Store has been the $1.25 store for quite some time.

Well then, $2.25 should be no issue!