Quote:
Originally Posted by mooby
So are we in the negotiating phase, or the "it's signed into law, expect retaliatory tariffs" phase?
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Yahoo news lead headline:
Trump takes the sting out of his tariffs
It's just not smart to buy into all the media fearmongering that goes on nowadays. Listening to the main media we would have had 3 nuclear wars; to environmental collapses; a stock market drop along the lines of the great depression all in the last 11 months.
Some countries may try to play the retaliatory game, but all the main actors, including Trump and the US, understand that we don't want a full on trade war, anymore than we want an all out nuclear war. The US for the past 12 years has (economically, and I include Bush so it's not just Dem vs Rep) have been tucking our tail trying to be the "better player" while other countries have taken advantage of it. They know they have had much better access to our markets then we have to theirs, and that for the most part that isn't going to change. AND, until India or China become honest players with strong capital purchasers, we are the biggest and best market to sell in. Especially if we also reduce the regulatory state that has been built up in those same last 12 years.
The world isn't going to go into a trade war tailspin, although you may pay more for hangers (my company deals with lots of steel drapery hangers and are directly affected by all the geopolitical games going on right now).