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Reply to "China Retaliates Against the U.S. With Its Own Higher Tariffs"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous] I'm the "above poster", I literally am in the middle of this trade war because I am engaged in international trade. I pay a portion of these tariffs that are going up. I'm putting my money where my mouth is. [/quote] Sure whatever. You can be whomever you want to be on the Internet. But the fact is, that Americans will pay more due to this unnecessary trade war. https://www.nytimes.com/2019/05/13/us/politics/us-china-trade-tariffs.html [quote]Economists differ in their forecasts of how much tariffs on both sides will reduce economic growth, but most agree that the cost of tariffs is passed on to businesses or consumers in the form of higher prices. The president’s economic adviser, Larry Kudlow, on Sunday said that both the United States and China would “suffer” as a result of the tariffs.[/quote][/quote] Okay, well given that it's an anonymous forum, the fact that you are engaging means you are by default in acceptance of certain claims of facts. You are free to challenge them, and I'm willing to discuss my knowledge international trade in any way to establish my "bona fides". Again, very few people wants to fight a war for the sake of the war itself, but rather people reluctantly enters war in order to achieve some goal after the war. People like you who keeps talking about the effects of the war itself is not convince those of us who are focused on the goals of the war, which is a more open and fair trading partner in China, to the benefit of both the US and China, and those free-loading Europeans who will obviously turn to China and say "I'll have what the US is having."[/quote] That's your opinion. Economists and other experts disagree. Most people would prefer not to fight wars where both sides end up worse off. Trump doesn't understand tariffs or foreign policy and even his own party is trying to get him to see reason as he attempts to drive the economy into the ground.[/quote] Sorry, what? Economists and other experts don't believe that a more open and fair trading China is a benefit to both US and China, as well as Europeans? Can you quote any of these economists and experts? I point to China's past 2 decades of impressive economic growth as proof that a more open and fairly trading china is beneficial to China, the US, and Europe. [/quote] You must have reading comprehension issues. Economist and other experts have noted that Americans will pay higher prices as a result of these trade wars. Including Trump's own chief economic adviser Larry Kudlow. You're assuming that the result of the trade war will be a China that trades more openly. But you haven't explained how that is going to happen when China just slapped tariffs on many American goods today.[/quote] +1 Like someone said upthread, the PP is hoping something good will happen. But there's no evidence that it will. And there's plenty of evidence that higher tariffs will lead to higher prices and lost jobs in certain industries.[/quote]
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