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Reply by BroncoBrian

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Posted on China tariffs

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BroncoBrian

875 posts in 2467 days


#1 posted 06-24-2018 01:34 AM

Good question Ron.

If you have not done so, there are some great podcasts from Planet Money on the Trade War which are worth listening to. Also from Freakonomics. I love that nerdy stuff.

In short, no one wins in a trade war. The good news is that while some good becomes more expensive (reasonable % usually), others become less. I would not worry about it much. Unless you think you need to wait to buy a bunch of steel good a few weeks after a tariff is in place.

I notice a lot of complaining about tools being made in Asia on this site. They have factories that are pretty high-tech over there. Maybe new is different than old, but my iPhone is pretty cool and it was not made in Ohio. One benefit of a trade war is that it may become more reasonable to make certain tools here in the USA. Don’t count on that though, the next President will be cheered for undoing the madness in a couple years.

There is always a different opportunity in each market or with each administration. People who recognize them usually do well in any government.

I appreciate you Ron. Good question and no reason that cannot stay civil.

-- A severed foot is the ultimate stocking stuffer.


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