Re:Chinese stocks enter bear market as trade war heats up
by seanmcdirmid on Tuesday June 26, 2018 @09:20AM
(#17400332)
BHO would never have done it. The USA makes too much money on trade with China given the way the deficit is calculated.
For example, an iPhone made in China is only assembled there. All the IP is American, an American company realizes almost all the profit. This trade war is going to cripple us because we make so much money on even the deficit, even with the IP theft.
BHO wasn’t stupid, DJT sees an opportunity in simplistic messaging that gets his based riled up. What is weird is that we are at the peak of an economic cycle, it’s not like unemployment numbers could go any lower, and the jobs he is after with this trade war are all low value.
For example, an iPhone made in China is only assembled there. All the IP is American, an American company realizes almost all the profit. This trade war is going to cripple us because we make so much money on even the deficit, even with the IP theft.
BHO wasn’t stupid, DJT sees an opportunity in simplistic messaging that gets his based riled up. What is weird is that we are at the peak of an economic cycle, it’s not like unemployment numbers could go any lower, and the jobs he is after with this trade war are all low value.