In the worst scenario of the trade war, the USA GDP might get down a little bit (I even doubt that), but Chinese dictators have the risk of domestic revolution, in which ALL their families will be hung along the roads, & Chinese people will be liberated from tyranny. Worth a try!
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Slaying the Red Dragon might incur some costs, but who should be blamed for this cost? Trump is solving the problem. But Obama, Bush, Clinton, Bush, Carter, Nixon, ... Truman created the problem! — they fed the Red Dragon to the monstrous size we see today!
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Easy solution, buy american. No tariffs on american products in america.
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I speak with several manufacturers weekly and they do see a change in cost, but not so much to force them to hold back from moving forward. If anything it has just cause them to adjust and change their strategies/suppliers. It will be interesting to see going forward
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Allowing totalitarian China has the veto power in approving U.S. companies’ merge & acquisitions on international market is a fatal mistake of the WTO mechanism design. It’s time for USA to abandon WTO and fight back hardly. How about banning USA sale to ZTE & Huawei & Xiaomi?
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USA should 1 confiscate all western national debts, public equities, real estates, etc., owned by Chinese government, dictators & oligarchs; 2 kick China out of SWIFT system, 3 block China from Internet, 4 ban Chinese tech students, 5 change the regime in Beijing.
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China’s dialogues, talks, negotiations are nothing but tricks to buy more time with empty promises. USA has been cheated 1 k times. Does it really need to be cheated 1 more time to know the truth? The 2nd best date to have trade war with China is today, the 1st best is yesterday!
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USA should set 6.4/1 CNY to USD ratio as the benchmark, no matter how much Chinese government devaluates Yuan, USA government should levy the same percents of EXTRA tariff on CN products. It’s up to the rest of the world to decide what they are going to do with CN devastation
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