It’s not that difficult to understand. The USA is gigantic in economy, land, and raw materials...
We have every ability to be self sufficient. Making ourselves, in essence, our own customers would make our country rich. A USA/ China trade war would be VERY good for USA and VERY bad for China. It’s time we level the playing field. Fair is fair.
As the report says, American businesses and consumers will also pay the price. Isn't Trump supposed to support Americans? As always, the poorest in society will be affected the most but Trump is unlikely to care about such things.
American businesses, like any other, will seek to maximise profits and if being based in America works against them they would be wise to set up divisions elsewhere.
@fazer1k we will certainly suffer in some minor areas TEMPORARILY... but USA has the education, wealth, and raw material and natural resources to over come it quickly and effectively... essentially creating more jobs and industry for Americans. It’s a means to an end in which America shines out on top.
@GardenSage Time will tell whether America will come out on top or not.
If you could produce materials cheaper than other countries you would already be doing so and the trade deficit would not exist. American businesses and consumers will lose, but Trump will gain some taxes he can use to give breaks to the wealthy (provided worldwide sales of American goods don't fall too far as a result of increased prices, that is).
