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re: Mark Levin on Tariffs
Posted on 7/25/18 at 10:05 am to brian_wilson
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
4
Posted on 7/25/18 at 10:09 am to dewster
quote:
China needs to industrialize rapidly.
Have you ever been to China????
Posted on 7/25/18 at 10:10 am to dewster
quote:
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.
Here's the deal, the Chinese are not innovators, but we are. The competition should breed innovation on our part to overcome their shitty policies.
Protecting the status quo stifles innovation
Posted on 7/25/18 at 10:12 am to dewster
quote:
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.
Absolutely. We don't know what their tolerance for pain is, as their gov't's objectives/methods are not transparent. They also have other levers to pull that we don't have - namely their exchange rate.
Posted on 7/25/18 at 10:18 am to dewster
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