HitRed wrote:GoranZ wrote:HitRed wrote:Tariffs are not in a box though. Mexico might start making something we imported from China. Or a Chinese company might move to Vietnam. The world is in flux.
You are talking nonsense... If there were price competitive products in Mexico or Vietnam, without any doubt in my mind I can claim that US would have bought them, but there are no such. And why would US care if something is made in Maxico, Vietnam or China?
With all these tariff wars only one thing might change for US... Moving factories from China to US, but that wont happen, not in this life. So US citizens will pay more for the same products, their purchasing power will be affected and eventually that will lead to another crisis like we had in 2008. And again US citizens will suffer, along with the whole world I presume(you, me, and most of the users in this forum will be affected as well). By the time all this settles 20 years will pass and nothing will change.
So unless you are a cat and you have 8 more lives for living, use your brain and think logically what the outcome of all this will be.
Somebody is anxious about the future.
When the South cut off cotton exports the world turned to Egypt. Change happens.
Change happens, of course. But what kind of change are you looking for?
Someone once said, "when good don't cross borders, armies do." Free trade leads to peace and prosperity. Embargoes and tariff walls lead to poverty and war. During the second half of the 20th century, we had a world constantly moving toward eliminating trade barriers, with a result that poverty was in retreat everywhere on earth, and wars got steadily less intense. Now nationalism is rearing its ugly head again, and if it succeeds then the inevitable result will be more poverty in the world and more wars.