Quote:
Originally Posted by The_Waco_Kid
excellent. then why do you oppose Trump's efforts to make them fair, even if it results in a trade war?
a trade war is not what Trump wants. he wants fair agreements. all China has to do is follow suit.
if not then Trump should crush China into economic ruin.
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A typical Chinese factory employee works 12 hours a day, six days a week for $8000 a year doing mindless, repetitive work we don't want to do. His company, which operates in a fiercely competitive environment and is less profitable than American businesses, sells stuff to us really cheap. So they send us things like televisions, clothes and kitchenware. And we send them paper, U.S. dollars. They give us our dollars back by investing in our government debt and overpriced real estate. They're getting fucked. We're making out like bandits.
It would be great to see American companies have better access to Chinese markets and better protection for their intellectual property. If that were Trump's aim, he should have teamed up with the Europeans, Australians, Canadians and various Asian countries to open up China, instead of slapping our allies with tariffs on iron and aluminum (and soon autos) and abandoning the Trans Pacific Partnership. As it is, if we impose high tariffs on Chinese goods (which btw is a bad idea), they just sell what they were selling to us to the Europeans or whoever.
Finally, a lot of economists believe we'd be better off with no tariffs, regardless of what other countries are doing. That makes our companies leaner, meaner and more competitive, and we put our resources towards the things we do best, making us more productive and prosperous. When government imposes tariffs, it's playing favorites. You end up with fat, lazy businesses run by crony capitalists, shielded by tariffs from competition from other countries
