Reply To: US/China Trade War

[Anonymous 0xp 0]

The only winner from a trade war is misery and lost opportunity.  You really would have thought we would learn from the past, and the fact that the Great Depression was prolonged and exacerbated due to a trade war, and it basically took a military war to drag us out of that.  I’m pretty sure it was Adam Smith in 1776 who showed that trade benefits everyone (or he was at least the first person to write it down and give the concept a name).

@hobbyhub You’d be correct on your point about GW products manufactured in China.  It would be interesting to see what the current level of tariffs are on these products between the US and China, because if they were sitting at 20% then they haven’t interested by much, but if they are currently at 5% then that is a massive increase.