--Donald Trump's tariffs have backfired, according to a new report, killing jobs while raising prices to American consumers
How have the tariffs affected you?
▶️ 3Speak
--Donald Trump's tariffs have backfired, according to a new report, killing jobs while raising prices to American consumers
How have the tariffs affected you?
▶️ 3Speak
Smoot-Hawley seems to have taught us nothing.
Yes, yes it did. That's why Trump can cherry pick at this game of war with China. Give some leverage, a tit for tat, China doesn't want to tat it ain't getting anymore tit.
Anytime you go to war there's going to be causalities. This was a war whose time had come. China over the years have become so enormous they just felt that could do whatever they wanted up to and including stealing other companies patented designs which made them even more of a threat not only to the US but other countries in dominating world markets. This is more of whats this is about, breaking the hold China has on the world market. By breaking their hold this enables all countries to play on a more level playing field, any country who doesn't want to well, quite frankly, they to will suffer the same results as their American counterparts as they to will also suffer from a slow down in exports to those countries.
You say China can just go buy elsewhere, that is true if those countries want to find themselves trapped at the mercy of China who'll run all over them just as they have here. As is the plan China has in implementation with their Belts and Road project, they intend to dominate the world in production output. That plan envisioned by Chinese officials is one that will one day see every district and province in China as profitable as Beijing itself. Countries should look at the US trade imbalances that their countries will never be allowed to export into China any equivalent that comes to that which China will export to them. Given China's advantage over using slave labor and no regulatory controls on pollution and their nasty habit on stealing patented designed what these countries ultimately will find is that they themselves will over time lose more jobs to Chinese competition then they gained in exports themselves. China has literally raped the US of manufacturing jobs for decades, have resulted in stagnant wages, benefits because employers can't compete unless they hold down wages or outsource their employment habits to temporary employment agencies to try and be competitive.
China is a beast that needs to be deal with. It took decades and millions upon millions of job losses to find ourselves in this situation. You can cry all you want about products becoming more expensive but if the vast majority of people can't afford to buy them anyway what's the use? Do you think the ever increasing homeless population need cheap televisions?...washing machines?...stoves, refrigerators, etc.,?....clothes they can't afford to buy new?...this will only continue to get worse over the coming decades unless Americans and what will/has become millions of others engaged with China are forced to live stacked fifteen high in bunk beds on company property where they will get charged rent, utilities, food and made to work sixteen hours days to compete.
The argument that it will drive up technology cost in the long run?...well if those companies need cheaper labor then let them relocate to other countries for cheap labor...they'll probably be better off as those countries more than likely will agree to and adhere to contracts that keeps them from literally just taking patented rights and ignoring them.
If people want to add the so called climate debate to the issue then buying locally and paying a few bucks more to offset the global footprint left behind transporting products half way across the world could only be a win-win. Sometimes in life you can't have it both ways. You can't support the worlds largest polluter at the expense of you own financial well being while spouting we have to save the world from climate change. While I am at it, those spewing human rights abuses need to take a close look in the mirror at exactly who else is responsible for such abuses if they are financially enabling a regime perpetrating those abuses.
Right now at this time in history it is the right time to hit back at China, the object is is to depreciate their dollar, make it worth less giving them less power to continue their track to dominate the world output in trade while not even thinking about being reciprocal to the rest of the world. China also will suffer with increases and a loss of their gross domestic products...it works both ways.
All's fair in love and war wouldn't even be applicable here as China does't know any other kind of love except that of itself.