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<blockquote data-quote="newfie" data-source="post: 4093982" data-attributes="member: 58700"><p>the explanation you provide is correct in classic definition simplistic fashion and makes a compelling argument against tariffs for those that wish to disagree with Trump. In reality the issue is much more complicated then that text book explanation. </p><p></p><p>with the last round of tarrifs if china does nothing their economy sells us less product and they take a financial hit . </p><p>to counter that they are then forced to sell their product for less and or engage in currency devaluation to offset the tariffs and maintain their sales. </p><p>china did both with the last round of tariffs. </p><p>China has the choice to either pay the tariff or suffer the economic consequences of selling less. </p><p>there is no economy like ours that can pick up the slack for china. </p><p></p><p>its why Trump continues to use the piggy bank explanation to explain the tariffs. The US is the piggy bank and can cause them financial hardship if we don't buy their products.</p></blockquote><p></p>
[QUOTE="newfie, post: 4093982, member: 58700"] the explanation you provide is correct in classic definition simplistic fashion and makes a compelling argument against tariffs for those that wish to disagree with Trump. In reality the issue is much more complicated then that text book explanation. with the last round of tarrifs if china does nothing their economy sells us less product and they take a financial hit . to counter that they are then forced to sell their product for less and or engage in currency devaluation to offset the tariffs and maintain their sales. china did both with the last round of tariffs. China has the choice to either pay the tariff or suffer the economic consequences of selling less. there is no economy like ours that can pick up the slack for china. its why Trump continues to use the piggy bank explanation to explain the tariffs. The US is the piggy bank and can cause them financial hardship if we don't buy their products. [/QUOTE]
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