But few trade economists would say that a trade war is good or that it should be sought out; most
think of trade wars as something to be avoided — or, at most, endured for the sake of protecting an industry that needs a helping hand from the government.
But more broadly speaking, it's probably not better to
think of trade wars between two countries whose economies are as tightly interwoven as the US and China as having winners and losers.
We are already barely making ends meet,» says Daren Niemeyer, a 49 - year - old farmer in Nebraska who voted for Trump in 2016, when asked about
his thoughts of the trade war tensions between China and the U.S..
Not exact matches
«Ultimately, I
think we realize that it's not in anybody's interest for this to escalate into a
trade war so while we believe there's going to be a lot
of rhetoric... I
think sanity is going to prevail,» he told CNBC at the Credit Suisse Asian Investment Conference in Hong Kong.
When other countries
think of things we like to export to them and they could impose tariffs, that's the beginning
of trade wars.»
«I
think at the end
of the day that virtually all
of the «
trade war» effects will be negotiated away and the true economic impact on industries as well as specific companies will be very small, so I haven't factored the impact
of any
trade war considerations into my portfolio,» she said.
«I don't
think we've previously at the [China Development Forum] felt like we were on the brink
of a
trade war,» he told CNBC.
«If Trump really signs the order, that is a declaration
of trade war with China,» said Wei Jianguo, former vice commerce minister and now an executive deputy director
of the China Center for International Economic Exchanges, a government - linked
think tank.
It is unclear whether Trump and his
trade advisers have
thought through the consequences and objectives
of a
trade war with China.
SARA EISEN: Stan, how do — what do you
think when you read some
of the headlines every day on
trade and the president's tactics and the potential for a
trade war?
«The general sentiment in equity markets has certainly shifted to one
of caution, so I
think today is one
of those days where the news certainly wasn't new by any stretch, but the potential that this protectionist rhetoric will eventually spill into something a little more widespread in terms
of a
trade war continues to worry equity markets.»
«I
think that it's very dangerous to get into a tit - for - tat
war in
trade, because even if your goal is to be moderate and proportional in response, one thing can lead to another and it can get out
of control,» Jacob J. Lew, the Treasury secretary under President Barack Obama, told CNBC last week.
I personally believe that the above are good enough reasons to add pressure to Treasuries, but if we want more food for
thought, we can not forget that China is the largest holder
of US government bonds after the Fed and if the rhetoric around a
trade war escalates we can assume that this point would most likely be touched by Chinese counterparties.
Some economists see less potential for a
trade war: «I don't
think it will spiral out
of control,» said Thea M. Lee, president
of the Economic Policy Institute.
«I'd question the logic
of running into a
trade deal with a president who sees
trade less as a means
of achieving mutual prosperity and more an instrument
of war,» Sam Lowe, a
trade expert at the Centre for European Reform
think tank, told the Guardian.
They weren't
thinking trade during King Philip's
War or during the Trail
of Tears (not to defend them too much because a lot
of those southern NAs kept slaves, so they got what was coming to them).
Free
trade is
thought to reduce the danger
of war.
You would
think, based on the surprise that has greeted President Trump's recent decisions to walk to the brink
of a
trade war with China and dispatch the National Guard to the Southern border, that he had not talked about securing the border and punishing Chinese
trade practices for years.
You
think of what's happening with the Mexican drug
trade as a
war?
Think about it this way; a sniper is on a pre-planned mission to take out high - value targets that can change the course
of a
war, and in Forex
trading you should be looking for the highest - probability
trade setups that can have the greatest positive impact on your track record.
In no particular order: Forecast; The Storytelling Animal: How Stories Make Us Human; Investing: The Last Liberal Art; The Signal and the Noise; The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing; Mastermind: How to
Think Like Sherlock Holmes; The Last Battle: When U.S. and German Soldiers Joined Forces in the Waning Hours
of World
War II in Europe; Risk; Skating Where the Puck Was: The Correlation Game in a Flat World; and
Trading Bases: A Story About Wall Street, Gambling, and Baseball (Not Necessarily in That Order).
Trading can really be
thought of as a type
of «
war» between you, yourself and the market, and the less prepared you are and the less you've tried to put the probabilities in your favor before you enter the market, the more likely you are to be defeated.
You
think there is a danger
of starting a
trade war?
I find it no surprise that greed and a
war of social control are driving the Carbon
Trading scheme, but I
think there is so