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vinny9698

(1,016 posts)
Mon Jan 16, 2017, 09:56 AM Jan 2017

Pending Trade War: China, Mexico, EU against US , Russia

The way Trump is attacking China, Mexico, and the EU over trade matters, threatening tariffs etc. I truly believe they will form an alliance to take on Trump and Russia. And I hate to say this, but I am rooting the Chinese and their Mexican and European allies.
You can bully and insult Hillary, Cruz, Rubio, CNN, Carrier, Ford, but China is neither of those. China has the strength to fight back and start a trade war that will bring 30% unemployment and a lot higher prices to our consumer goods. Will the Americans accept that to please Trump and his cohorts the GOP? Don't believe it.

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Pending Trade War: China, Mexico, EU against US , Russia (Original Post) vinny9698 Jan 2017 OP
We have been running huge trade deficits with China for decades. RDANGELO Jan 2017 #1

RDANGELO

(3,444 posts)
1. We have been running huge trade deficits with China for decades.
Mon Jan 16, 2017, 10:17 AM
Jan 2017

Trump has said that he wants to raise tariffs 35%. If he did that all at once it would definitely cause a world wide recession. You would have to do it gradually to give investors time to adjust to it. This is part of the reason we have the income inequality problems.

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