How can the strongest economy for more or less everyone especially minorities, increasing salaries, increasing jobs in blue collar industries be the US loosing?
I think you are the one who is confusing what the trade war is about with what is economic theory.
The tarrifs is not economic policy it's a tool to win the tradewar with china and give us better terms.
How anyone can be against that is beyond me unless they working in the tech industry and don't really feel the reality of the last 30 years of destroying the american middle class.
One thing to keep in mind, you are currently in a ten year bull market, the longest running in history. There is a hell of a lot of inertia there, so I really would not be counting my chickens just quite yet.
All it cost was a trillion dollars deficit tax cut, and subsidies for the farmers that can't sell their crops. Do you really believe this is sustainable?
We already introduced tarrifs, they didn't hurt the economy overall, on the contrary.
What i don't think is sustainable is the 4million americans who lost their jobs to china because of the wheeling and dealing of Wall Street and Washington.
It's worth it because if he succeeds getting better deals all Americans benefit and we stop chinas blatant abuse of things like their developing nation status and complete lack of defending IP rights and access to chinese market for most companies.
I'm just not convinced the game of chicken can be won. We should actually be investing this effort in out competing, not hoping we win this idiotic game. The only real resolution I see is a return to normalcy or a dissolution of US and Chinese trade, which simply hurts us both in the long run. You act like jobs that aren't in China will come to the us when theres no guarantee of that and you're ignoring jobs lost because if this.
I am not ignoring jobs lost I am looking at a reality of the lowest unemployment we've seen in a very very long time, lowest ever for minorities.
Jobs are coming back, wages are going up.
You are completely ignoring that the reality is disproving your concern.
Whether you think it can be won or not is beside the point. I am sure you didn't think Trump could win the presidency and I am sure you though if he did the economy would be in chaos.
What about, maybe, just maybe, you were wrong and need to rethink how you think about these things?
Your logic is circular. You've already admitted that the current state is propped up and temporary and we need to ride this out and yet it's proof that Trump's policy is sound? You can't have it both ways.
I think you are the one who is confusing what the trade war is about with what is economic theory.
The tarrifs is not economic policy it's a tool to win the tradewar with china and give us better terms.
How anyone can be against that is beyond me unless they working in the tech industry and don't really feel the reality of the last 30 years of destroying the american middle class.