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The biggest problem with Trump's trade war is simple population numbers. There is no way we will ever win a tariff war against a nation with 1.37 billion people living within its borders.
China can feed itself. It always could, and can now. But the Chinese love our agricultural products and our citrus, and even when they may be a luxury, with over a billion more people than we have, there are a lot of Chinese to buy everything we send them.
Our agriculture has been running full-bore for about 20 years now to keep up with international demand, and most of that demand is Chinese. Tariffs will drive a lot of our smaller farmers straight into bankruptcy, and the big corporate farms, while surviving, will be forced to cut way down on the acreage to survive a tariff war.
At the worst, this could result in domestic food shortages we haven't seen ever since World War II was raging. And the cost of food could double as well domestically.
Do not believe China needs us more than we need them.
That may have been the case 35 years ago, but it is not so now. If we want to play hardball, we had best be prepared for a very serious game of it. The United States, with 330 million people, simply cannot out-produce the Chinese when tariffs make the trade confrontational. Good trade partnerships may not always favor us lopsidedly, but they sure won't hurt us as deeply as a tariff war. Once one starts, expect it to spread into our other international trade partners.
And every dollar we lose in trade will be made up by a competing nation. Including our closest allies. Business is business, after all, and in business, no vacuum will be left unfilled.
Ask yourself- how much citrus can be grown in Mexico, where half the country is good territory for it? Every orange grove that is cut down in Florida due to this tariff war will seed one in Mexico. If the tariff war bites hard enough, we could see American citizens going south of the border to harvest Mexican citrus.
America's Manufacturing decline was of their own making. With Asia and Europe rebuilding after WW2, united states was the only ones providing. The united states got complacent and factories in China and Europe were becoming modernized and automated. The united states fell behind as those factories came online. The united states is now a tech hub with more of a knowledge based economy and not manufacturing. That is the reality. The GOP and neither Trump can change this. They will try to and are already doing so, but it will break the knowledge based economy and decimate the remaining manufacturing sector.
The biggest problem with Trump's trade war is simple population numbers. There is no way we will ever win a tariff war against a nation with 1.37 billion people living within its borders.
China can feed itself. It always could, and can now. But the Chinese love our agricultural products and our citrus, and even when they may be a luxury, with over a billion more people than we have, there are a lot of Chinese to buy everything we send them.
Our agriculture has been running full-bore for about 20 years now to keep up with international demand, and most of that demand is Chinese. Tariffs will drive a lot of our smaller farmers straight into bankruptcy, and the big corporate farms, while surviving, will be forced to cut way down on the acreage to survive a tariff war.
At the worst, this could result in domestic food shortages we haven't seen ever since World War II was raging. And the cost of food could double as well domestically.
Do not believe China needs us more than we need them.
That may have been the case 35 years ago, but it is not so now. If we want to play hardball, we had best be prepared for a very serious game of it. The United States, with 330 million people, simply cannot out-produce the Chinese when tariffs make the trade confrontational. Good trade partnerships may not always favor us lopsidedly, but they sure won't hurt us as deeply as a tariff war. Once one starts, expect it to spread into our other international trade partners.
And every dollar we lose in trade will be made up by a competing nation. Including our closest allies. Business is business, after all, and in business, no vacuum will be left unfilled.
Ask yourself- how much citrus can be grown in Mexico, where half the country is good territory for it? Every orange grove that is cut down in Florida due to this tariff war will seed one in Mexico. If the tariff war bites hard enough, we could see American citizens going south of the border to harvest Mexican citrus.
Oh no, 3 billion in tariffs vs 150 billion in tariffs. These tariffs by China are purely symbolic. China can't even feed it's people without importing staple foods. Their economy will tank without the United States to export their crap to. A trade war with the United States would devastate China. We know it. They know it. They know we know it. That's why despite all of this, they will continue to work with us on North Korea, because it's their only real bargaining chip.
“The Hill” is a Leftist site. I wouldn’t trust what that site has to say on anything.
You're right ,its fake news, there is no such place as china.
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