you still don’t get it, all other countries don’t not have the privilege to print money endlessly. they consume within their means. the government balances the budget mostly. eu has budget deficit limit of 3%. that was why pigs countries got slaughtered not long ago.
Small US importers will go out of business if they can't find alternatives to China. Expecting tariff deals to be done in a hurry, taking market share away from China.
I see two problems: 1) The Trump administration is not trying to negotiate 0% tariffs or equal tariffs or removal of trade barriers. They don't want a new more balanced deal (that they could have achieved through normal negotiations). They want to bully and humiliate other countries, extract outrageous terms through (commercial) hostage taking and line up their families' pockets in the process. 2) China has been the fastest. But Canada also has reciprocal tariffs. The EU is about to announce theirs (we're kind of slow, let's face it )... plus other countries will also impose them once they fully acknowledge the reality of the first problem above.
And this has to do with balancing trade because??? Just because USA has the ability to print money endlessly so it should get screwed by all the other countries? Is that what you are saying? LOL
How about you take a chill pill and stop using these emotional words like "bully and humiliate" and take a look at the numbers. LOL $291 BILLION deficit!! This is just business. Trump is not taking anybody's head and stuffing it down the toilet for chrissake LOL And where is the humiliation? Making less money is humiliating for China? Is that it? LOL Jesus, egotistic much?
Your financial assets are inflated because the world invests their trade surplus in the US. This tariff fiasco has nothing to do with balancing trade. FFS, you've imposed 10% "reciprocal" tariffs on ***Australia***, with which you have a trade ***surplus***. Good time to go to the Apple store and buy all the iPhones they still have left at today's price, before they have stock rupture next week and 2,000 USD iPhones next month.
They sure do. Look at the US Bond market. 30 year over 5% now. All it will take is for China to attack the US bonds by selling large amounts. US is extremely vulnerable.
Dude, the whole thing is about China. Ever heard of the 'belt and road' or how China is building/leasing/seizing deep sea ports all across the Mid-East and Africa? Word on the street is that China is running sweatshops/human trafficking all over SEA. You think a half trillion PER YEAR deficit is sustainable? WTO is dead, and so is USMCA/NAFTA. There will be no amicable solution. I just read some shit about what Xi is planning, and it's not good for the mag7.
The US's financial assets may be inflated but not because of the so called reinvested trade surplus no, it's because of the Feds printing money. LOL Don't be so naive. China invested $1 trillion in the One Belt One Road initiatives. It did not reinvest its exports proceeds into the US market. And iPhones are already $2K USD and have always been selling at $2K LOL. Where have you been all those years? In a coma? LOL