[tivert]

> By now it’s well known that Trump desperately wants to proof his professor wrong

By now it it's well known that globalization is for a fantasy world that doesn't exist, and people should stop listening so much to economics professors. Trade barriers need to go up to re-orient things. Unfortunately, Trump is unlikely to do it competently.

[janalsncm]

A 10% tariff on China won’t stop globalization. Even an 100% tariff wouldn’t. American goods aren’t 10% more expensive, a lot of them are 10x more expensive.

Look for American made kitchen knives. You will be lucky to spend less than $2k on a block of Made in USA knives. Meanwhile you can get a pretty good set made in China for under $200.

If you wanted American companies to compete, you would need a 10x tariff to make that $200 knife set cost $2000.

[binary132]

it’s almost as though the cost-of-living and cost-of-making differential is something that’s bad for Americans.

Well, at least we got some cheap knives or whatever.

[spiderfarmer]

You guys tried everything but the things other countries that do well are doing. But hey, let’s try to stop globalization as a single country.