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Is everybody happy with Trump's trade war?

 
 
Reply Mon 13 May, 2019 08:13 pm
Our stock market lost 600 points today; $1 trillion in market cap. Why did Anericans support Trump? It's the economy, stupid!
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Type: Question • Score: 3 • Views: 1,123 • Replies: 8
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oralloy
 
  -1  
Reply Mon 13 May, 2019 08:55 pm
cicerone imposter wrote:
Is everybody happy with Trump's trade war?

To tell you the truth, I'm tuning most of it out.

But we have to do something to protect our economy. I'm glad that Trump is doing it.


cicerone imposter wrote:
Why did Americans support Trump?

Trump protects us when leftists try to violate our civil liberties for fun.


cicerone imposter wrote:
It's the economy, stupid!

Good for Trump for fighting to protect our economy.
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Jewels Vern
 
  2  
Reply Tue 14 May, 2019 10:20 pm
Most people can not even explain what "economy" means.

Trump raised taxes on steel and aluminum from China. That forced a rise in prices of cars and home appliances, so people can't buy new cars and washing machines so much. Mexico banned imports of American cheese in sympathy with the Chinese, so Wisconsin dairy farmers are going bankrupt now.

These things all filter down to something we call "economy", but the way most people use the word it is meaningless.
oralloy
 
  -2  
Reply Wed 15 May, 2019 04:14 am
@Jewels Vern,
Jewels Vern wrote:
Trump raised taxes on steel and aluminum from China.

From everywhere in the world in fact.


Jewels Vern wrote:
That forced a rise in prices of cars and home appliances, so people can't buy new cars and washing machines so much.

But now we're going to have a steel industry again.

Think how much the auto industry would benefit from 25% tariffs on autos and auto parts.


Jewels Vern wrote:
Mexico banned imports of American cheese in sympathy with the Chinese,

I suspect that it is more to do with tariffs on steel and aluminum from Mexico.


Jewels Vern wrote:
so Wisconsin dairy farmers are going bankrupt now.

25% tariffs on dairy products would help them out.
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cicerone imposter
 
  1  
Reply Wed 15 May, 2019 11:07 am
@Jewels Vern,
“Economics” is not science, and it’s impossible for a anyone forecast future performance. Even past gdp numbers are https://datahelpdesk.worldbank.org/knowledgebase/articles/680284-why-do-countries-revise-their-national-accounts
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roger
 
  1  
Reply Wed 15 May, 2019 02:19 pm
Psychologists are real good at explaining why did as they did, but not at all good at predicting what they will do. Same is true of economists.
cicerone imposter
 
  1  
Reply Wed 15 May, 2019 03:00 pm
@roger,
I think psychologists have an easier way to analyze human behavior. Economics is not science.
RABEL222
 
  1  
Reply Wed 15 May, 2019 05:32 pm
@cicerone imposter,
Its not science unless gambling has become a science.
cicerone imposter
 
  1  
Reply Wed 15 May, 2019 05:54 pm
@RABEL222,
Economics is not science in that it's impossible to forecast future activities. Governments try to forecast future activity, but they are just guesstimates. Remember what happened when the Thai baht changed value? https://www.scmp.com/week-asia/opinion/article/2095008/who-learned-lessons-thai-baht-crisis-china-or-europe
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