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I say we should. I agree with the Chinese governments policies on economy, but I don't agree with their aggressive stance on other Asian countries. It is also trying to eradicate Islam in its territory.
No, a trade war between the U.S. and China could rapidly and tremendously decrease the U.S.’s economy anf potentially lead to an increase in the deficit.
A trade war between the US and China is unlikely due to Trump’s good relationship with China. Also, China provided the U.S. will lower tariffs than the U.S. gave China.
I could either have the future pass me or l could create it.
“We are all born ignorant, but one must work hard to remain .” - Benjamin Franklin So flat Earthers, man-made climate change deniers, and just science deniers.
Considering that China produces 75% of the world's toys/goods, they have a huge influence on the marketing system. Starting a trade war would certainly increase domestic manufacturing, but that might not be enough considering we don't have as many factories or workers as in China. Religion about Islam aside, if we are to compete with China globally, we will need to increase factory count, work unions, and minimum wages to encourage workers to produce American.
A good debate is not judged by bias, but in the context of the debate, where objectivity is key and rationale prevalent.
I could either have the future pass me or l could create it.
“We are all born ignorant, but one must work hard to remain .” - Benjamin Franklin So flat Earthers, man-made climate change deniers, and just science deniers.
A temporary increase in domestic production in exchange for higher prices.
Tariffs will increase domestic production (Or in our case, an increase of production within the North America Trade Agreement Zone). Mexico, United States, and Canada.
They will increase prices for Americans. You will pay more, it's unavoidable.
They will leave the competing market relatively unaffected. IF we had a better stake in the Steel and Aluminium industry this would be less true, but fact is, we don't. China regularly produces ten times as much steel. Chinese steel and aluminum will still be just as cheap to anyone but an American.
It will not increase international competitiveness. Tariffs improve domestic performance, not international. China alone produces 10 times as much steel, and 35 or so times as much aluminium. There is no Tariff which could increase our production to compete.
Overall, it's like taking a hammer, and using it to perform surgery. Could you get it done? Maybe. But there are better tools out there.
A temporary increase in domestic production in exchange for higher prices.
Tariffs will increase domestic production (Or in our case, an increase of production within the North America Trade Agreement Zone). Mexico, United States, and Canada.
They will increase prices for Americans. You will pay more, it's unavoidable.
They will leave the competing market relatively unaffected. IF we had a better stake in the Steel and Aluminium industry this would be less true, but fact is, we don't. China regularly produces ten times as much steel. Chinese steel and aluminum will still be just as cheap to anyone but an American.
It will not increase international competitiveness. Tariffs improve domestic performance, not international. China alone produces 10 times as much steel, and 35 or so times as much aluminium. There is no Tariff which could increase our production to compete.
Overall, it's like taking a hammer, and using it to perform surgery. Could you get it done? Maybe. But there are better tools out there.
You point is mute, since the tariffs aren't about steel and aluminum. The tariffs are about trying to keep industries and industrial secrets we still do have from falling into China's hands. I suppose we could sit back and watch the tech and aerospace industries go the way steel and aluminum, but I don't think that would be the best idea.
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No.
"China has already threatened to respond to new U.S. tariffs with its own tariffs on some $3 billion-worth of U.S. goods, including pork, pipes, wine and food. It also said it was looking at legal action against the U.S. through the World Trade Organization." http://thehill.com/homenews/politics-101/380201-what-happens-if-trump-sparks-a-trade-war-with-china
“We are all born ignorant, but one must work hard to remain .” - Benjamin Franklin So flat Earthers, man-made climate change deniers, and just science deniers.
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“We are all born ignorant, but one must work hard to remain .” - Benjamin Franklin So flat Earthers, man-made climate change deniers, and just science deniers.
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Tariffs will increase domestic production (Or in our case, an increase of production within the North America Trade Agreement Zone). Mexico, United States, and Canada.
They will increase prices for Americans. You will pay more, it's unavoidable.
They will leave the competing market relatively unaffected. IF we had a better stake in the Steel and Aluminium industry this would be less true, but fact is, we don't. China regularly produces ten times as much steel.
Chinese steel and aluminum will still be just as cheap to anyone but an American.
It will not increase international competitiveness. Tariffs improve domestic performance, not international. China alone produces 10 times as much steel, and 35 or so times as much aluminium. There is no Tariff which could increase our production to compete.
Overall, it's like taking a hammer, and using it to perform surgery. Could you get it done? Maybe. But there are better tools out there.
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