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Trump escalates trade war… big time

From $34 billion to $200 billion in a week. Jeez

Okay, it really doesn't look like this story's gonna go away... it's just getting bigger. Trump is imposing more tariffs on goods from China – way more than last time.

What it means: Trump thinks China is disrespecting the rules of trade in the way it deals with America, in particular because he thinks they're taking American 'intellectual property' (which just means knowledge of how to do things) without permission or due process.

He already put tariffs on $34bn worth of Chinese goods just last week. Now, he's adding more onto a further $200bn worth.

The point? Tariffs are basically just extra taxes, which push up the price of Chinese products in the US, making them less appealing to American consumers (who he's hoping will buy American products instead).

But China's said it's going tit-for-tat in this, and will impose equal tariffs on American goods every time the US raises them. This is escalating reaaaally quickly.

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Reader Comments

  • 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?