Quote:
Originally Posted by pj67coll
Unfotunately the US will likely lose a trade war with China. In response to Trumps suggestion of a 25 percent tarrif on Chinese goods (not enough in fact it would need to be closer to 40 percent) many econonmists have recently commented that the US is simply not able to bargain from a position of strenght in this case. The damage has already been done.
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So it was said about Japan in the 1980s. Their demographics have been their downfall and China has similar problems. Scratch the surface and the red giant in the east is weak in many areas. Internal corruption is endemic, state officials routinely exaggerate productivity numbers and bribery is rampant. On the surface, the US looks to be at a disadvantage with China, and is in the short term, but I am not so pessimistic. Americans are clever and by and large do the right things, build well, and seek to improve their way of life. Individual chinese certainly have similar ethics, but systemically, China is very, very corrupted and will look incredibly different in 100 years.
Buy American!
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