A Trade War With China Is Unwinnable | The Odyssey Online
Start writing a post
Politics

A Trade War With China Is Unwinnable

Why we're screwed.

174
A Trade War With China Is Unwinnable
Ahmad Ardity, Pixabay

If there was ever a time to get a case for your phone, that time is now. With the looming trade war, you may not be able to afford new electronics pretty soon and there is literally no hope of winning this. It’s ludicrous to try and wage a trade war on a nation that actually produces things and nations in Latin America, Africa, and Asia (the places providing the world with raw materials) want to work with.

What’s going to end up happening, if the Trump administration doesn’t get real and pursue mutual cooperation, is that the American economy is going to become isolated and it’s American consumers that’ll be hit the hardest. Almost half of our consumer goods come from China and for many of these, like the iPhone, they’re made using American intellectual property. Imposing tariffs on these is like taxing Apple directly. So it’s not going to affect the trade deficit, it’s just going to lower the amount of goods traded and increase the costs for everyone involved. Who’s gonna end up feeling that? Consumers.

If it gets bad enough, American companies are gonna end up laying people off. China, on the other hand, isn’t going to allow market turbulence to derail its economy. The whole reason they’re where they are today is that the government is constantly stepping in and preventing crashes through top-down planning and even expropriation and nationalization. If anything, a trade war plays right into China’s hands. Now they have all the more reason to further regulate and limit what foreign companies operating within China can do.

And though China’s known for their exports (they basically supply Japan and Korea with their consumer goods, as well as much of Europe), their internal market is massive and more than self sustaining. Even if American companies start pulling out of China, Chinese companies can just come right in and pick up where they left off and then it’s game over. The US lacks the infrastructure and the workforce to compete with China should this come down to actual production. China has better infrastructure, a bigger and more educated workforce, and the kind of calculated long term planning that the US lacks (now more than ever).

No matter what happens, America cannot win this. Best case scenario, like with most of his failures, Trump and the media will just ignore this and move onto the next big controversy.

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
Featured

15 Mind-Bending Riddles

Hopefully they will make you laugh.

177690
 Ilistrated image of the planet and images of questions
StableDiffusion

I've been super busy lately with school work, studying, etc. Besides the fact that I do nothing but AP chemistry and AP economics, I constantly think of stupid questions that are almost impossible to answer. So, maybe you could answer them for me, and if not then we can both wonder what the answers to these 15 questions could be.

Keep Reading...Show less
Entertainment

Most Epic Aurora Borealis Photos: October 2024

As if May wasn't enough, a truly spectacular Northern Lights show lit up the sky on Oct. 10, 2024

4603
stunning aurora borealis display over a forest of trees and lake
StableDiffusion

From sea to shining sea, the United States was uniquely positioned for an incredible Aurora Borealis display on Thursday, Oct. 10, 2024, going into Friday, Oct. 11.

It was the second time this year after an historic geomagnetic storm in May 2024. Those Northern Lights were visible in Europe and North America, just like this latest rendition.

Keep Reading...Show less
 silhouette of a woman on the beach at sunrise
StableDiffusion

Content warning: This article contains descriptions of suicide/suicidal thoughts.

When you are feeling down, please know that there are many reasons to keep living.

Keep Reading...Show less
Relationships

Power of Love Letters

I don't think I say it enough...

450814
Illistrated image of a letter with 2 red hearts
StableDiffusion

To My Loving Boyfriend,

  • Thank you for all that you do for me
  • Thank you for working through disagreements with me
  • Thank you for always supporting me
  • I appreciate you more than words can express
  • You have helped me grow and become a better person
  • I can't wait to see where life takes us next
  • I promise to cherish every moment with you
  • Thank you for being my best friend and confidante
  • I love you and everything you do

To start off, here's something I don't say nearly enough: thank you. Thank you, thank you, thank you from the bottom of my heart. You do so much for me that I can't even put into words how much I appreciate everything you do - and have done - for me over the course of our relationship so far. While every couple has their fair share of tiffs and disagreements, thank you for getting through all of them with me and making us a better couple at the other end. With any argument, we don't just throw in the towel and say we're done, but we work towards a solution that puts us in a greater place each day. Thank you for always working with me and never giving up on us.

Keep Reading...Show less
Lifestyle

11 Signs You Grew Up In Hauppauge, NY

Because no one ever really leaves.

22394
Map of Hauppauge, New York
Google

Ah, yes, good old Hauppauge. We are that town in the dead center of Long Island that barely anyone knows how to pronounce unless they're from the town itself or live in a nearby area. Hauppauge is home to people of all kinds. We always have new families joining the community but honestly, the majority of the town is filled with people who never leave (high school alumni) and elders who have raised their kids here. Around the town, there are some just some landmarks and places that only the people of Hauppauge will ever understand the importance or even the annoyance of.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments