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originally posted by: drewlander
Let's start by saying that the US and China are "narrowing the trade gap." Instantly the trade war is over.
originally posted by: yuppa
originally posted by: IgnoranceIsntBlisss
originally posted by: Irishhaf
China has their own issues, its silly to think we have no leverage in this case.
Defaulting on the debt, thats not what I would really call leverage.
More like a dead mans switch / doomsday machine.
Its not defaulting. if a nation like china attacks us their debt we owe them is null and void.
originally posted by: nwtrucker
a reply to: kelbtalfenek
I'd agree short term. Long term? I'd say it would be a positive. Far worse is the continued collapse of U.S. industry.
Trade war isn't a given. Being mentally prepared and realizing it is a possibility is only prudent.
originally posted by: nwtrucker
a reply to: kelbtalfenek
Great. So we can import Chinese steel and aluminum to build the cars to sell to China...I will pass thanks.
How long before China decides to by-pass U.S. cars and builds them themselves, in that scenario? Either way, for that matter.
"China, my understanding is, supplies 4 percent of the steel in the U.S," King said during a March 4 interview on NBC’s Meet the Press.
Currently China holds about 6.3 Trillion dollars of the US debt
China also picked its targets carefully by choosing goods that had political resonance, akin to what the European Union did this month by targeting bourbon, bluejeans and motorcycles, products made in states with Republican politicians or that supported Mr. Trump in his 2016 election victory. In China’s case, pork comes from Nebraska and the Midwest, states that backed Mr. Trump.
originally posted by: nwtrucker
originally posted by: AugustusMasonicus
a reply to: nwtrucker
What I found interesting is the proposed Chinese strategy of targeting Trump's base.
Random thought. I wonder if the Chinese and TPTB team up to take Trump out. Work with the Dems and Republican Elite?? That's a worrying thought...
originally posted by: olaru12
originally posted by: yuppa
originally posted by: IgnoranceIsntBlisss
originally posted by: Irishhaf
China has their own issues, its silly to think we have no leverage in this case.
Defaulting on the debt, thats not what I would really call leverage.
More like a dead mans switch / doomsday machine.
Its not defaulting. if a nation like china attacks us their debt we owe them is null and void.
A shooting war with China would definitely wipe out the debt. Along with billions of people.
Glad I don't have any kids.....I don't understand this video game world view at all.
originally posted by: Willtell
If China takes its money out of US bonds it could bring the US to its knees.
That would truly be a war!