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Trade War with China: Why Not?
I posted this question a while ago. In fact, I have discussed it with folks verbally and, like electric power deregulation, I have yet to hear an explanation that makes sense. Here's my theory:
China is engaging in unfair commerce practices, from environmental irresponsibility to Yen value manipulation to marketing dangerous products. Et cetera. We, America, are the world's most robust consumer market. Plus.....we owe China money (according to what I hear).
I say we place MASSIVE tariffs on products made in China. This would give American manufacturers a shot in the arm, complete with peripheral economic benefits of that. Our trade imbalance would be reduced. In other words, we would be keeping more dollars here in America instead of sending substantial net dollars overseas. And quite frankly, Americans would be buying less Chinese crap-quality products which, in the long run, is more expensive than buying reasonable quality tools and such. And we would be placing American consumers, including children, at less risk. We need an economic boost right now but instead, we are continuing to be the world's most ridiculous consumer sales playground for China and everybody else with corresponding trade deficit that hurts our future.
Chinese are holding our debt. BFD. Tell them they can come get it if they can get past our defenses. Yeah, that's hardball. What game do you think they are playing?
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Man of Carbon Fiber (stronger than steel)
Mocha 1978 911SC. "Coco"
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