As I speculated last week, perhaps (and hopefully), all of Trump's talk about tariffs may simply be his way to pressure China to negotiate with us on trade and it's ongoing theft of intellectual property.
Here's Trump's new Economic Advisor, Larry Kudlow's take on this.
I've been a fan of Kudlow for a very long time, so let's hope he's right.
From: NvaGvUp 22-Mar-18Private Reply Way to go, President Trump! Your insane decision to impose BILLIONS of dollars of tariffs on Chinese imports crashed the markets today, meaning Americans saw their retirement accounts, College Savings Accounts and other investment accounts lose BILLIONS upon BILLIONS of dollars today.
Yep and on 3/22 you posted this:
"AMERICANS will suffer most of the costs of your insanely stupid and financially illiterate tariffs, you ignoramus, not Chinese companies.
Your insane tariffs will also cost AMERICANS millions of jobs, because that's what tariffs do. If China retaliates, more MILLIONS of AMERICAN jobs will be lost in addition."
Thank you, Pig Doc, and sureshot, for bringing some reality to Nva's rewrite of history here!
Myself and others here immediately recognized this as the negotiation move that it is and were poo-pooed by Nva!! The buy-and-hold guy was all bent out of shape about Trump, whom he called an IDIOT and a FINANCIAL IGNORAMOUS several times because of a short lived, flash in the pan situation designed, and I might add successfully, to bring Xi and others to the table!! After all that he wants to back-peddle himslef into being right now!?!?
Tariffs are a tool just like negotiations and war are tools. Tariffs, like war, are normally not beneficial to either party, but are sometimes necessary to get the other party to negotiate or do something they otherwise would not do.
The USA and ALL other countries have used tariffs in the past, are using tariffs now, and they will ALL use them again in the future.
Just like war, a country should limit the use of tariffs as a last resort (assuming the country is concerned with the financial well being of its citizens which some countries are not), or maybe 2nd to last resort with War being the last resort.