Tuesday, July 10, 2018

Once again Trade wars don't affect the rich much: But they kill the poor and those who lose their jobs

So, Just understand that a Trade War like this kills the poorest people worldwide and financially destroys people whose livelihoods are lost through a trade war in places like China and the U.S.

Next time you go to the store in the next month or two check how expensive anything from China is and watch American made products take their place over time. So, the poorest die, and some American jobs will be recreated by charging more for the things made in the U.S. because the ones made in China will be completely unaffordable now for most people because of a 25% increase in Tariffs.

So, who is hurt by this? Poorer people who can't afford to buy food already and people whose jobs are lost here in the U.S. and abroad. However, it is also true some Americans will get new jobs because of the trade war too.

Just remember this is a War. People die in wars worldwide (even in Trade Wars) And if you look at World War II a trade war with Japan led to Pearl Harbor and World War II



Events leading to the attack on Pearl Harbor - Wikipedia

https://en.wikipedia.org/wiki/Events_leading_to_the_attack_on_Pearl_Harbor

For more information, see Causes of World War II. A series of events led to the attack on Pearl Harbor.War between Japan and the United States ... the U.S. adopted a succession of increasingly restrictivetrade restrictions with Japan. .... The United States had decrypted the 14th part well before theJapanese managed to, ...

So, a trade war with Japan precipitated Pearl Harbor to begin with.

This is why a Trade War with China may also start a war with China. So, watch out for this now!

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