Posted by showcrop on September 19, 2018 at 10:00:09 from (75.68.37.174):
In Reply to: Tariff War Question ... posted by Crazy Horse on September 19, 2018 at 07:45:37:
Paul has it pretty well right. A few other points. Since we buy so much more from China than they buy from us, it would be very hard for them to win this trade war. The major losers in this will be small businesses who are unlucky enough to have a raw material or major supply, that is a big part of their operating cost, be a tariffed item. There will be many driven out of business. There will be factories shut down because sales of their products stop because of increases. Manufacturers will need workers in order to produce products here, and with the low unemployment and closed borders they will have to increase wages dramatically in order to attract and retain the workers that they need. Over-all we will have more manufacturing but cost of products will increase a lot. Besides the trade imbalance China has also been unfair in monetary exchanges, industrial espionage, and the requirements that they place on US businesses operating over there.
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