Sunday, April 8, 2018

Fareed Zacharia also believes something must be done about China regarding Worldwide Trade

In listening to Fareed Zacharia on GPS on CNN he agrees something has to be done about China.

However, Trump's approach is sort of like a "Bull in the China Closet" which doesn't help us with the rest of the countries in the world.

We need other countries support in this or else we will fail in what we are trying to do.

What is coming is an even bigger problem for the U.S. in regard to Trade Sanctions. Here's how:

As we increase our tariffs on China, China also increases their tariffs on us. Since this is only done unilaterally between the U.S. and China, China has no reason to raise other countries prices (ONLY THE U.S. prices). This makes the U.S. at a significant disadvantage regarding world trade.

So, what will happen here is that American producers will be markedly disadvantaged regarding world wide trade and will lose market share because of what Trump is doing in regard to China.

This is how Trump is Harming our producers and exporters now by doing what he is doing.

The only way to have China change is to engage all nations around the world in this battle and not just act unilaterally like the U.S. is now.

So, likely what will actually happen here is China has NO REASON whatsoever to make a deal with Trump Until he engages (or some future president engages) all nations in the WTO to fight China on unfair business practices.

Until that happens only American producers and Exporters are going to be seriously harmed. And then this harm will transfer down to the poor in the U.S. as many many more starving to death especially American Homeless people directly because of what Trump is doing now in such a "Bull in a China Closet" thoughtless way!

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