I hate Trump (1)
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China and America’s trade war just got even bigger

Trump taxed Chinese stuff, so China taxed American stuff, so Trump taxed more Chinese stuff, so China is taxing more American stuff …

Trump taxed Chinese stuff, so China taxed American stuff, so Trump taxed more Chinese stuff, so China is taxing more American stuff …

What it means: Generally, countries quite like trade, or selling and buying stuff from other countries. And Americans really like buying Chinese stuff - they spend about $500 billion a year on it, more than they spend on stuff from any other country. China likes buying American stuff too, but not quite as much (they only spend $130 billion a year). Economists call this mismatch a trade deficit and Donald Trump is really, really mad about it. If you all think that sounds a little silly because nobody is forcing Americans to buy all this Chinese stuff, well, most economists would agree with you.

Trump called his Chinese counterpart, Xi Jinping, out on it, and now the two countries keep announcing bigger and bigger taxes (called tariffs) on each other’s stuff. Trump started it, and his tariffs are bigger - he’s already taxing about half of everything China sends to America, and has just announced plans to tax absolutely everything.

Trump's tariffs make Chinese stuff more expensive for Americans to buy (and vice versa). That should encourage Americans to buy less Chinese stuff and (Trump hopes) more locally-made things instead. That can be a good thing - when Americans buy American-made things they support American businesses and jobs, and they don’t have to worry that China is sneakily putting dodgy spy stuff in the technology they’re sending over.

But everyday Americans might not be impressed at having to fork out more money when they go shopping (Chinese goods are often cheaper than the American equivalents), and American businesses are moaning that all the parts they buy from China will become so much more expensive that they might have to fire some American workers to make ends meet.

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  • RW

    Your right to a degree. You mentioned “the wandering Jew”.

    I elaborate that the Jewish people, historically have tended to migrate almost exclusively to locations that are economically and culturally vibrant already. I would speculate that Jews have thrived in these places and have often improved the bounds of their economies and knowledge base.

    You can also ask; how many massive entertainment conglomerates, Nobel winners or billionaires has Isreal developed? If Jews are so capable, why isn’t Tel Aviv the Rome of our time?

    Jews are successful because they value education, maintain a strong social cohesive, they actively monitor and have a good sense for Zeitgeist wherever they are and they carefully choose the places they settle and congregate themselves heavily in these choice locations.

    But most importantly (haulocaust increased the importance of this aspect), they actually designed their culture for success. They not only attend Harvard, they use what they learned to better the group as a whole. With as much, they studied intricate networking systems, adapted to it and in many cases improved upon them. (See how Japan acquired Aegis warships and made them better).

    Of course there is nothing wrong with any of this. It’s when you elaborately gain disproportionate power in any society where you would stand out, you must take care when attempting to make a society better (Civil Rights movement) and rewriting that society all together (mass immigration). Ask blacks in China, Mexico, Philippines or India how much opportunity they have? Go to businesses owned by their American diaspora and see how many blacks they hire. Go to Silicon Valley and see how many East or South Asian tech workers wish they could work with more black people. California might work as a state, but as a nation, I think your rolling the nuclear dice here. I hope we can succeed as a tolerant pluralistic superpower but at this stage in human societal development, it’s a pipe dream.

    And if Jews really are the icon for success, they would see that fundamental human successes happen over generations. Just look at the rest of the planet? Are we ready?