China sells over 500 billion in our market every year, we sell them less than a third of that. There is no way they can win a trade war with us and they know it.
#26 | POSTED BY DOCNJO
They can take more pain than we can. Their economy is growing, and the government very carefully regulates that growth. China is not going to go into a recession, because the Chinese government has, for most of recent history, intentionally been holding the economy back. They just have to let off the brakes to counteract the trade war.
OTOH, the US does not have any leeway to counteract the effects of a trade war. Hell... Republicans have steadily been INCREASING the deficit while the economy has gotten better. We have very little headroom to lower interest rates, and even less headroom to increase spending to stimulate the economy.
We are going to send ourselves into a recession and the average American is going to be feeling the pain, while the average Chinese person is not.
Also, China is pushing for more products to be "designed in China". When this trade war ends, the US will go right back to buying the cheap products from China. But China will pushing really hard to have local companies providing the goods that they currently buy (other than things like agricultural), so by the time the trade war ends there will be alternatives that the Chinese consumer is used to (and has been forced to use because they can't get the American ones). That trade is not coming back.
Republicans are simple minded. They like to use big, blunt tools to solve their problems, because those big, blunt tools are easier to understand (like nuking hurricanes, or wide-ranging tariffs). But the problem is that these problems are complicated (do you remember... "nobody knew that healthcare could be so complicated"), and using powerful, blunt objects usually result in unintended consequences. Since you don't understand economics, you can't use better solutions. And, again because you don't understand economics, you are always surprised when those pesky unintended consequences come around to bite you.
But, you know, at least he is TRYING. Isn't that what his supporters say (when you point out how ineffective his "trying" has been). That is what really matters.
Give him a participation trophy for "trying". Hell... give the whole snowflake party a participation trophy. Will make those poor little persecuted Republican "victims" feel like they actually accomplished something.
That is what happens when, as a party, you label "education" as "elitist". It just leaves you with the "uneducated" in your party. Have you ever seen the movie, Idiocracy? That is what the Republican party has done to itself.