That idiot Trump is trying to play tough guy with China in a likely effort to deflect focus from his increasing problems at home. The problem is that China has the resources to strike back and will if provoked.
History has already shown that severe trade tariffs don't work and here, as in every case, it will be the consumer who pays the increased costs. This means electronics will cost the average American more money to purchase. Someone may want to explain that to dummkopf who has also been wreaking havoc on American farmers and made sure their products weren't marketable when the Chinese retaliated with their own tariffs.
It's fair to say that Trump isn't an economist and would never qualify as one even if he tried. World economics is a very touchy subject even for the most experienced in the profession so now imagine using the knee-jerk bravado of a tempestuous 6th grader to decide the trade policy for an entire nation. While these sorts of antics may play well for his MAGA crowds, they make markets nervous. A bull in a China shop approach (pun intended) is the equivalent of Russian roulette and may not get you the desired result. But then when has a measured and well researched approach ever been the modus operandi of this man?
All I know is that anyone who personally lost over a billion dollars over eight years shouldn't be allowed near this area with a ten foot pole.
Let the games begin.
History has already shown that severe trade tariffs don't work and here, as in every case, it will be the consumer who pays the increased costs. This means electronics will cost the average American more money to purchase. Someone may want to explain that to dummkopf who has also been wreaking havoc on American farmers and made sure their products weren't marketable when the Chinese retaliated with their own tariffs.
It's fair to say that Trump isn't an economist and would never qualify as one even if he tried. World economics is a very touchy subject even for the most experienced in the profession so now imagine using the knee-jerk bravado of a tempestuous 6th grader to decide the trade policy for an entire nation. While these sorts of antics may play well for his MAGA crowds, they make markets nervous. A bull in a China shop approach (pun intended) is the equivalent of Russian roulette and may not get you the desired result. But then when has a measured and well researched approach ever been the modus operandi of this man?
All I know is that anyone who personally lost over a billion dollars over eight years shouldn't be allowed near this area with a ten foot pole.
Let the games begin.
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