For all the craziness that trumps spews, he's actually pretty level headed about this. Why should USA settle for a trade deficit with China? They manipulate the value of their currency, walk all over our IP laws, and systematically destroy the environment. Let the trade war begin!
If this trade war was brought to you by BHO, we would have columns from the esteemed press that finally some one with courage.
Since it is DJT, this is a horrible idea. Some times, its impossible to separate the message from messenger, even for the bright minds of HN.
US has got China by the balls 130 - 505 billion difference in trade, makes it so much important for the over-leveraged Chinese companies to have access to a market that is about quarter of world GDP.
Whether you like DJT or not, US has massive leverage against China. We have already entered into the era of US being a transactional rather than systemic, which is good for some not so good for some.
Do you experience any of those things you said? I don't think trade war is hurtful unilaterally anyway, and innocent people also suffer. Care to explain why?
I wonder whether it's the right timing though, how much IP does the US have left? Serious question, does anyone have a good source on IP per industry and whether the lead has changed?
Accusing China of destroying the environment feels like throwing stones in a glass house when Trump has abandoned the paris agreement and denies human involvement in global warming.
[+] [-] wpdev_63|7 years ago|reply
[+] [-] sremani|7 years ago|reply
Since it is DJT, this is a horrible idea. Some times, its impossible to separate the message from messenger, even for the bright minds of HN.
US has got China by the balls 130 - 505 billion difference in trade, makes it so much important for the over-leveraged Chinese companies to have access to a market that is about quarter of world GDP.
Whether you like DJT or not, US has massive leverage against China. We have already entered into the era of US being a transactional rather than systemic, which is good for some not so good for some.
[+] [-] ch4s3|7 years ago|reply
I agree that China has a poor history of stealing IP, but that’s what the WTO is for. Trade disputes make us all poorer now.
[+] [-] thdxr|7 years ago|reply
Every attempt at import substitution historically has led to stagnant growth.
[+] [-] danieltillett|7 years ago|reply
[+] [-] fwdpropaganda|7 years ago|reply
That you're repeating an attack that applies exactly to you means you're either ignorant or dishonest.
[+] [-] leemailll|7 years ago|reply
[+] [-] zimablue|7 years ago|reply
[+] [-] Fjolsvith|7 years ago|reply
[+] [-] pgsandstrom|7 years ago|reply
[+] [-] diego_moita|7 years ago|reply
The world needs to build a global economy less dependent in the U.S. This confrontation will only engage China (and the EU) into doing it.
Besides, this will also help Brazil sell more orange juice, soybeans and iron to China and the EU.