bendog
Diamond Member
Imo there's merit to the notion that the US has a better hand than Jina in a trade war, and we should have played it long ago. They "sell" 550billion more to us than they sell. They have more to lose than we do, and they only hold 2% or so of our debt.
Trump Is Right: The U.S. Can’t Lose a Trade War
And Trump is probably right that they are bucking up Kim's spine in the nukes game, that btw Trump stupidly started to garner some tough guy news stories for a week.
But the question really is which nation will take more pain.
And Trump is simultaneously starting a trade war with the EU. They make more cars here than the sell. Toyota makes cars here too for export. What happens if they shift some of that production elsewhere and layoff US, nonunion, workers. And they too will put tariffs on our agriculture.
Canada's effect is so small no one would notice but for Trumps Yuuge and so fragile ego.
Trump Is Right: The U.S. Can’t Lose a Trade War
And Trump is probably right that they are bucking up Kim's spine in the nukes game, that btw Trump stupidly started to garner some tough guy news stories for a week.
But the question really is which nation will take more pain.
And Trump is simultaneously starting a trade war with the EU. They make more cars here than the sell. Toyota makes cars here too for export. What happens if they shift some of that production elsewhere and layoff US, nonunion, workers. And they too will put tariffs on our agriculture.
Canada's effect is so small no one would notice but for Trumps Yuuge and so fragile ego.