Quote:
Originally Posted by thommy
in compare to many other countries is is an exempt.
government debt to GDP in china is actually at 47.6%
https://tradingeconomics.com/china/g...nt-debt-to-gdp
us is at 105,4 %
https://tradingeconomics.com/united-...nt-debt-to-gdp
how much US dept to gdp will be when this tradewar ends?
on top of that busty made a good point.
chinese people will suck every crisis because they are used to.
most of them have just enough to eat and no other expectation.
how many % of their prosperity will americans give up?
i just think it's a bad idea to cut off your fingers because you think the other person can't see blood. but that's exactly what trump is doing, and he's doing so much damage to america and the world economy that on the day he learns, nobody can buy anything that comes from an expensive production country anymore. and i do not mean the us alone.
every other partner in the west will have the same problem.
and WHO won then? |
I don't disagree that the trade war is very very risky and I've always disagreed with it and Trump's negotiating tactics. As I also understand it, China doesn't have much room to give either. Not everything can be perfectly fair.
But I'm not getting what you're saying overall? Busty did make a good point.