Trump Announces New Tariffs On Chinese Imports

[Benton]

(03-22-2018, 08:42 PM)BmorePat87 Wrote: No, it's 100% the tariffs. 

In the long run it will hurt the US and the market is reflecting that. We're a nation of consumers not manufacturers. Not to mention China can use Trump's legal strategy of outlasting people who sue him when he scams them. Xi Jinping will be President for life, Trump will not be. He doesn't have to worry about the ramifications of this trade war in 2 years. 

The problem is you can’t just be consumers without having something you produce. That’s just dollars flowing out. We have to make something, be it innovation, manufactured goods, etc. since the 80s we’ve steadily dropped off in what we sell to other countries... outside of old munitions. And having garage sale prices on weapons isn’t doing much for our economy.