News for hackers. Stuff that matters.
Re:Dow plunges more than 950 points after China devalues its... by internet_user on Monday August 05, 2019 @04:01PM (#20618249)
The final prize in this war is who gets to write the rules of the world order, who gets to become/remain the hegemony. Economics/trade is just one battleground of many.

Soybeans are so inconsequential to this, in the larger picture of things. Sure, it sucks for farmers.

Would you rather have rich soybean farmers and a social credit score assigned to you personally for posting your opinions openly?

Re:Dow plunges more than 950 points after China devalues its... by TheBranca18 on Tuesday August 06, 2019 @09:23AM (#20624895)
I feel like you're offering a false choice. The point of the tariffs is to punish China for a trade deficit and make companies produce things more in the United States according to this administration. Companies aren't changing things as a result of these tariffs as far as I can tell. So currently, consumers and producers are being punished and the administration isn't getting what it wants either. I just struggle to see the point. Personally I think it's more of an anti-globalist segment of the administration, as a trade deficit isn't necessarily a bad thing.