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robert237 Post time: 2018-1-30 20:28
One way or another, the average America worker will suffer.. as they always do in the new
Let's make it so that nobody has to "suffer". But there's nothing we can do about the "oligarchy".
Based on current trajectory of China's current acount balance, at some point next decade, China will have a trade deficit, and then China can do to USA what US is doing to China now. Or maybe not, maybe China would be more rational and open to free trade.
There's no winner in a trade war and if US has some unemployment because of job dislocations arising from global free trade, it's because their dysfunctional government handled it badly. US government needs a scapegoat because they are bad in managing their economy.
Steel production causes a lot of pollution, don't you think China should wind back on steel production? There's no great dividend for China to continue to pollute its air and countryside so the rest of the world can have cheap steel.
Aluminium production is very energy intensive, it needs a lot of electricity. Al-alloy, especially Aluminium-Magnesium based alloys should be considered strategic resource. Do not export them. China will need them in the years to come.
My office is on the 10th floor and when I look down on Shanghai, I keep thinking how energy efficient it would be to have a lot of solar panels on top of every roof top. China can subsidize solar panels for domestic consumption, it would contribute to clean, renewable energy production. And if there is an excess of production, we will buy a bloody big plot of land in Iran and put up a solar farm to produce hydrogen for burning. We don't have to give our solar panels to the USAnians.
Raise the retail price. I think LG is in the process of doing that.
In summary, take it easy and assess whether and what sort of retaliation is necessary. Maybe USA has just shot itself in its own foot.