[tivert]

> By now it’s well known that Trump desperately wants to proof his professor wrong

By now it it's well known that globalization is for a fantasy world that doesn't exist, and people should stop listening so much to economics professors. Trade barriers need to go up to re-orient things. Unfortunately, Trump is unlikely to do it competently.

[janalsncm]

A 10% tariff on China won’t stop globalization. Even an 100% tariff wouldn’t. American goods aren’t 10% more expensive, a lot of them are 10x more expensive.

Look for American made kitchen knives. You will be lucky to spend less than $2k on a block of Made in USA knives. Meanwhile you can get a pretty good set made in China for under $200.

If you wanted American companies to compete, you would need a 10x tariff to make that $200 knife set cost $2000.

[binary132]

it’s almost as though the cost-of-living and cost-of-making differential is something that’s bad for Americans.

Well, at least we got some cheap knives or whatever.

[spiderfarmer]

Tariffs will only increase the cost of living, with loads of unforeseen consequences.

[janalsncm]

The US has spent the last 35 structuring its economy under neoliberalism. Some people (rust belt) are worse off. Some are much better off, especially since they didn’t have to compensate the people who whose jobs were sold overseas for pennies on the dollar.

[spiderfarmer]

You guys tried everything but the things other countries that do well are doing. But hey, let’s try to stop globalization as a single country.