by Steve James on Sat Mar 24, 2018 2:21 pm
I'm no economist. I only know that many of the things I buy are "made in" someplace other than the US --though absolutely nothing made in Russia, fwiw. Anyway, if the result is that goods are cheaper, it's a good thing. If it means that the price of Chinese goods increases, it's not --unless it means lower prices for US consumers-- I don't see how it's better.
Afa the trade difference, I don't have any idea of the specifics. I'm only sure that Chinese workers are paid less, and I doubt they depend on American products at all. Wall Street doesn't like it because of the uncertainty.
"A man is rich when he has time and freewill. How he chooses to invest both will determine the return on his investment."