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So, now that it is clear the US will soon be in a trade war with all of it's biggest traders, how do you think this will affect your country?
The feeling I get in the Netherlands is a big "meh, we'll import that stuff from somewhere else and retaliate" so there is not that much worry about...
Ford has announced that the Mustang will be the last production model car that they will be building in the US as of 2020 due to the Tarrifs the Trump has put on Chinese materials, forcing them to drop the Ford Focus and plans for the Ford Active, a car/SUV hybrid that was supposed to go into...
I think this is the correct place for this thread, though I did wonder about starting it in US Politics!
I just saw this article on CNBC - https://www.msn.com/en-us/money/markets/us-reaps-more-than-dollar14-billion-from-steel-and-aluminum-tariffs-report-finds/ar-BBLTdif?ocid=spartandhp
So -...
Trump has announced steel tariffs to protect the US industry.
And people thought he was just full of hot air.
How can a country be great when it has no industry?
"Trump said the US will impose a 25% tariff on steel imports and 10% tariff on aluminum to shore up the struggling industries, capping a fierce, months-long internal debate that divided some of the President's top advisers."
I view this as a good thing. Americans buy way too much crap. It's not...
http://www.latimes.com/news/nationworld/nation/la-na-china-tires12-2009sep12,0,7273504.story
Why?
Barrack is a smart guy. Why is he doing this? Is it because he knows that Americans are idiots, and will support anything that "protects American jobs?"
Bad, bad idea.
(split off from this thread)
I am not anti-trade. However, you (and the IMF) make it far too simple. For example, it is not beneficial for a country to replace the inefficient small farms that feeds the majority of the population with large farms producing export crops like flowers, coffee...
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