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|User Info||Handicapping The Norks; entered at 2017-08-11 14:13:31|
Registered: 2010-03-10 Ventura County, California
Actually, implementing a 300% tariff on ALL Chinese goods and services would do the trick.
While I don't necessarily disagree at all with the underlying sentiment behind this proposal, I think we need to keep in mind that the end result would be a tripling in cost of most everything that American consumers buy that has Chinese content in it.
It would crush our tech industry, our only "growth" (cough cough) industry, blow our equity markets up, bankrupt pensions, and probably freeze all credit. Massive destruction on a real world, "Main Street" level.
I know its probably inevitable, and this is only facilitating an early acknowledgement of the inevitable... but if this route is pursued, it has to be managed pretty ****ing well for it to work. And, I have ZERO confidence in our government being able to manage it.