This is how a Trade War works

Discussion in 'Politics' started by Thinker101, Jul 19, 2019.

  1. Thinker101
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    Thinker101 Gold Member

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  2. Golfing Gator
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    More than 50 multinational corporations have announced plans to move manufacturing out of China, or are considering to do so, according to reporting from the Nikkei Asian Review. Apple, Google, Nintendo and Dell, among others, are trying to avoid the import penalties on $250 billion in Chinese goods. But rather than move their operations to the United States, as Trump urged, many of these companies are aiming to rebuild their supply chains abroad, primarily in Southeast Asia.


    So, companies moving from one Asian country to different one helps the US how?
     
  3. Billy_Kinetta
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    Billy_Kinetta Paladin of the Lost Hour Gold Supporting Member Supporting Member

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    Paywall. WaPo offered me a sub for 76 cents a month. Not a chance.

    Best if you post the salient paragraphs.
     
  4. BuckToothMoron
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    BuckToothMoron Gold Member

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    Trade wars have a history of hurting all involved.
     
  5. Golfing Gator
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    Here is a key paragraph...

    Similarly, though Trump maintains the drawn-out conflict is mostly hurting China, experts say the trade war is damaging the U.S. economy and possibly fueling a global slowdown. Federal Reserve Chair Jerome H. Powell has pointed to the head winds from the trade war as a primary reason the central bank could cut interest rates later this month. In January, the World Economic Forum predicted the trade war could reduce global GDP by 0.7 percentage points to 2.8 percent in 2019. And in a recent research note, Morgan Stanley’s chief economist warned that the trade war could spur a global recession within a year.
     
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  6. Billy_Kinetta
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    Billy_Kinetta Paladin of the Lost Hour Gold Supporting Member Supporting Member

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    Duh. It affects the Chinese bottom line.
     
  7. Golfing Gator
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    And that helps Americans how?

    That creates jobs in the US how?

    A global recession helps the US how?
     
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  8. Thinker101
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    Thinker101 Gold Member

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    Say what, now you're concerned about the US?
     
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  9. Golfing Gator
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    Poor little Trumpian, I have always been concerned about the US. That is why I put it before any party, unlike you.
     
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  10. Thinker101
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    Thinker101 Gold Member

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    Yep, I'm sure you were concerned when China was taking our manufacturing and intellectual property. And refused to purchase the cheap crap that was being imported from China.
     
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