Trump is wrong on almost everything regarding trade and the few things he is correct about, such as the shady things the Chinese government does, he has no good solutions for.
And instead of negotiating, he is trying to bully.
He is trying to change rules of globalism when the US corporations are its biggest beneficiaries for the sake of what, a few hundred manufacturing jobs almost nobody young wants to do? In the meantime, thousands of much better jobs will be destroyed in the US.
Consider this:
Quote:
"Boeing is the largest exporter, any new tariffs impact them directly. They export about 80 percent of what they build and they build 90 percent of that in the United States," Jefferies analyst Sheila Kahyaoglu told CNBC. "When Trump does this sort of stuff he needs to be mindful because Boeing is such a large employer."
Even the allegedly largest issue, tech transfers, is exaggerated. You can steal blueprints, but they will mostly be useless without the experience and entire ecosystem built around the product. And that experience and ecosystem will not exist if the product isn't mostly built from scratch. And starting from scratch will be China's only alternative if they are isolated by the US.
The suggestion that China will capitulate when their economy starts hurting is incredibly myopic and shows lack of any perspective of what life is like in developing countries.
Last edited by chytry; 10-29-2018 at 05:33 PM.