Economy is a field I really don't understand. Or more to the point: I'm interested in it and I can follow reasoning (assuming speakers don't go overboard on financial terms), but I have no fucking idea to properly predict ANYTHING. Meaning: I had no idea of the financial crisis until it happened and for the life of me, I can't predict any outcome on most actions. I mean...my views on the blonde president are pretty known by now, but AMERICAN ECONOMY IS ACTUALLY DOING GREAT.
And I'm sure that's pretty hard to combine that (or 'reconcile with'? sorry, but I don't know the correct English term here) with the constant...erm...lack of diplomacy on behalf of the US government toward the rest of the world.
As such, I've mostly ignored the news on the economic stuff. I mean...I don't work in the steel industry, so this was (and still is) just another episode in the daily Trump soap opera. And admitted: I assumed it would blow over. Trade taxes are nothing new and used often by countries to simulate internal industry over extern imports, so...what's the big deal? Should Trump not get to exercise this presidential right because he's handling it in an anti-diplomatic matter? I should also note that his behavior in the past has caused some sort of schadenfreude-effect (meaning: whenever an article has "Trump" in the headline, we read it more for gossip material than to actually learn something), so...I dismissed it.
I'm not sure if that can still be said. Things are escalating on this front. So let's recap things a bit (copied from my local newspaper):
-march 22: US starts with 25% import taxes on steel and 10% on aluminium. Since lots of countries are excluded, China feels targetted
-april 4th: China announces retaliation import taxes, mostly on food beverages
-june 1st: the exemption of the EU, Canada and Mexio ends (meaning: they get the same trade taxes).
-june 19: Trump announces more taxes on Chinese goods. China immediately responds with further import taxes as well (as well as "qualitative measurements", though it's barely specified in the paper outside "bureaucratic pandering toward US multinationals").
Next step will be july 6th, when the US (and then China) puts these taxes in effect.
The article also talks about economists fearing things. America is in a better economic position, but...well...like I said, I simply don't know how this'll turn out. Hence this thread: What do YOU think will happen?
Of course the floor is open to discussion as well (but PLEASE keep it a tad on-topic. I wanna know what you think will happen to the USA and/or the rest of the world. There are plenty of threads where you can insult Trump in a creative way...please use those. Thanks.
And I'm sure that's pretty hard to combine that (or 'reconcile with'? sorry, but I don't know the correct English term here) with the constant...erm...lack of diplomacy on behalf of the US government toward the rest of the world.
As such, I've mostly ignored the news on the economic stuff. I mean...I don't work in the steel industry, so this was (and still is) just another episode in the daily Trump soap opera. And admitted: I assumed it would blow over. Trade taxes are nothing new and used often by countries to simulate internal industry over extern imports, so...what's the big deal? Should Trump not get to exercise this presidential right because he's handling it in an anti-diplomatic matter? I should also note that his behavior in the past has caused some sort of schadenfreude-effect (meaning: whenever an article has "Trump" in the headline, we read it more for gossip material than to actually learn something), so...I dismissed it.
I'm not sure if that can still be said. Things are escalating on this front. So let's recap things a bit (copied from my local newspaper):
-march 22: US starts with 25% import taxes on steel and 10% on aluminium. Since lots of countries are excluded, China feels targetted
-april 4th: China announces retaliation import taxes, mostly on food beverages
-june 1st: the exemption of the EU, Canada and Mexio ends (meaning: they get the same trade taxes).
-june 19: Trump announces more taxes on Chinese goods. China immediately responds with further import taxes as well (as well as "qualitative measurements", though it's barely specified in the paper outside "bureaucratic pandering toward US multinationals").
Next step will be july 6th, when the US (and then China) puts these taxes in effect.
The article also talks about economists fearing things. America is in a better economic position, but...well...like I said, I simply don't know how this'll turn out. Hence this thread: What do YOU think will happen?
Of course the floor is open to discussion as well (but PLEASE keep it a tad on-topic. I wanna know what you think will happen to the USA and/or the rest of the world. There are plenty of threads where you can insult Trump in a creative way...please use those. Thanks.