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Dow tumbles about 300 points, wipes out gains for year; as Trump directs more tariffs at China
Topic Started: Jun 20 2018, 05:42 AM (135 Views)
Thumper
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Fire & Ice Senior Diplomat
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Brew, help me understand how a trade war will hurt America more than Cnina. Our trade with China is way out of balance since we buy far more Chinese products than they buy from us. I would suspect that American purchases of Chinese products is what is really firing their rapid growth.
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Stoned
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Berton
Jun 20 2018, 06:42 AM
Not hardly, our jobs market is strong and growing stronger.
And pigs will fly.
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Brewster
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Thumper
Jun 20 2018, 11:57 AM
Brew, help me understand how a trade war will hurt America more than Cnina. Our trade with China is way out of balance since we buy far more Chinese products than they buy from us. I would suspect that American purchases of Chinese products is what is really firing their rapid growth.
I don't believe I have ever said that.

Trade wars hurt everyone.

You are correct that Americans buy more Chinese goods than Vice Versa, and that will mean that the average American is going to get badly hurt when prices skyrocket, and in the short run, the US will suffer most.

But in the long run, China will be hurt as well, as will the rest of the world - remember 1929 in your history books?
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Pat
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Oh my, the sky is falling.

I'm not invested in the DOW and can care less. This will all iron out once China and the rest of the trade cheaters are straightened out.
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