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Fox News: who pays for the higher tariffs?

Discussion in 'Business & Economics' started by Walter, May 14, 2019.

  1. Walter

    Walter Administrator Staff Member

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    Interview with Larry Kudlow (director of the National Economic Council, Trumps White House economic advisor):
     
  2. dogtowner

    dogtowner Moderator Staff Member

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    Will there be some pain (on both sides) ?
    Yes.
    But we have been losing hugely by unbalanced trade. When they finally come around and make a fair deal we come out dramatically ahead. And note that we can absorb this far better than they can.
     
  3. Lagboltz

    Lagboltz Well-Known Member

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    I think Kudlow is more optimistic than he should be. China is notoriously careful and patient. It is embedded in their culture. Trump is neither. Xi knows how to manipulate Trump's ego. It would be better for the country if the trade war wasn't so personal.
     
  4. The Sage of Main Street

    The Sage of Main Street Well-Known Member

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    Asians Only Defeat Anals

    The Chinese know how to deal with coolie personalities, but will soon kowtow to a forceful personality like Trump's. We've been sending wimpy White Collar boys over there; that's what got us into this mess in the first place. Trusting trade to Sissies in Suitcoats makes me question the manliness of Americans who respect such bootlicking buttboys of the bosses.
     
  5. PLC1

    PLC1 Moderator Staff Member

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    If Trump can make Mexico pay for his wall, surely he can find a way to make China pay for the tariffs, can't he?

    or, he can at least make his supporters think he can.
     
  6. Walter

    Walter Administrator Staff Member

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    How much more pain do you expect?

    • USA (2nd): S&P 500 down nearly 3% in a single day
    • China (1st): growth at Chinese factories was slowing at a pace not seen in nearly two decades, factory output in July fell to its slowest pace in 17 years
    • Germany (3rd): hurtling toward recession. Germany bought goods and services worth $72 billion from the US last year (hint: they will buy less if they face problems)
    Ranking is for export of goods and services.
     
  7. dogtowner

    dogtowner Moderator Staff Member

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    Who knows how much...
    What we do know is that China will feel it much harder. Germany has lots of problems and this isnt the worst of them. They overplayed Brexit foolishly.
     
  8. The Sage of Main Street

    The Sage of Main Street Well-Known Member

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    Encirclement


    Trump could lift the restrictions on trade with North Korea and Russia, which will scare China.
     
  9. The Sage of Main Street

    The Sage of Main Street Well-Known Member

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    Linoleum Liberals


    A doormat is impersonal, and that's what our former leaders have been. They've let the Chinese walk in and then walk all over us.
     
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