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We’ve all heard about the college admissions scandal in which 50 parents were charged with trying to cheat to get an acceptance from elite schools for the sake of their apparently not-too-bright offspring.
As much publicity as this scandal has received, the two most well-known of the accused are these two mothers-of-the-year – Lori Loughlin and Felicity Huffman:
The amazing thing is that neither Trump nor the American people know what they want from the trade war. China knows exactly what it wants and needs.
Trump seems to want “even” trade with China. Both countries export/import the exact same amount from each other.
The American people want jobs. Trump’s “even” trade goal won’t help that. Reduction in Chinese imports will be filled completely by new trade with: Korea, Taiwan, Vietnam and Thailand. It will all be more expensive to the American consumer than trade with China because Korea, Taiwan, Vietnam and Thailand are all more expensive than China (but vastly and by American standards, incomprehensibly cheaper than any American manufacturing).