I always get a kick out of those who fear we might start a “trade war”. The Boogie Man Trade War.
How can a country that buys far more than it sells lose a trade war?
One example………………………….
After 30 years of complaining Japan still makes it very difficult for many American companies to sell in Japan yet they can import whatever they want. If we cut imports of Japanese cars by 50% until they play fair, who would win that battle?[/quote]
Well considering that what is going to pull the U.S. out of this recession/depression are U.S. businesses that produce to sell overseas in places like asia, um folks that work at these U.S. companies that all the sudden can’t turn a profit overseas…That includes just about every multi-national company that employs both domestic and overseas employees. The likes of several chip companies, several high tech telco, wireless,etc.
The days are numbered for U.S. companies that depend on american consumers solely for turning buck… Even GM knows this. As I stated. China’s domestic car market sold more cars over the previous period than the U.S….Follow where the wealth is going.
