Comment Re:"people could handle that very easily" (Score 5, Insightful) 387
Trump is trying to play this like zero sum game in which he wins and everyone else loses. In economics that's a really stupid way to do things because if everyone else loses who is buying all the stuff you're winning at making? No one. Oops, you collapse as well. Sure China has some rather aggravating trade practices and corporate espionage seems like a regular old Tuesday over there... but you can't just go slapping tariffs on everyone and everything without some serious repercussions that he seems incapable of grasping. China needs the same things it needed before the trade war, and it's going to start looking elsewhere for them, and set up new trade agreements with other countries for those things. And when the trade war settles and the dust clear and the US is exporting stuff again to them... are they going to buy it, or stick with their new trade partners? Historically it has always taken YEARS to re-enter a market that a trade war has pushed us out of. Or anyone for that matter. And since China seems more than happy to just sit and wait for Trump to rot, this is not going to end well for him.