(03-06-2018 07:27 AM)JTiger Wrote:  

(03-05-2018 04:31 PM)ark30inf Wrote:  Global trade war is not a good idea.

But threatening global trade war to force these people to the table to stop their unfair trade practices is a good idea.

Which is Trump up to? No clue.

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It's a game of poker with serious consequences depending on who wins. Either way it will upset the status quo on how we trade and that uncertainty will wreak havoc on the markets. Some will benefit but many will be hurt by it. My industry buys steel and we are nervous about the availability and lead times for steel products coming up.

Not really any consequences at all for us in a trade war. We are currently by far the worlds biggest loser in trade. No one else is even close. OUr trade deficit is about 800 billion a year---the next closest is about 160 billion a year. We cant fall below last place---and it last place as in the field has lapped us about 3 or 4 times.

The difference between the Chinese surplus (China has the largest surplus in the world) and our deficit (we have the largest trade deficit in the world) is 1.4 TRILLION dollars. Thats the consequences of losing the trade war. We already lost because we have played the game so badly. Anything we do will be an improvement.