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re: Mark Levin on Tariffs
Posted on 7/25/18 at 10:01 am to goofball
Posted on 7/25/18 at 10:01 am to goofball
quote:
More pain for producers that need access to the largest, wealthiest consumer market in the world.
Sure. The goal is to cause enough pain they come to the table. Well the thing is that china's gov't is not responsive to the people's will.
Not to mention that trade negotiations usually take years to complete.
Posted on 7/25/18 at 10:05 am to brian_wilson
quote:
Well the thing is that china's gov't is not responsive to the people's will.
China needs to industrialize rapidly. They have a massive demographic problem (caused by policies that are unthinkable in the US) that is pushing their leadership to help move the economic needle for a massive portion of their population before it ages.
Them having reduced access to the American consumer market is a huge problem, and they are very well aware that they aren’t the only place to obtain cheap labor.
This is a huge “oh shite” moment for them, as a lot of our close trade partners have also placed tarriffs on Chinese goods to prevent dumping of products that otherwise would have gone to the US. Canada in particular did this recently.
This post was edited on 7/25/18 at 10:08 am
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