Proxy Trade War

By -

The latest from Binkius Hippo: The trade war is a proxy for the fight between democracy and autocracy in the digital age.

The trade war is not about fighting for jobs. 25% tariffs will not work.

GM is spending $1.5 MILLION to create EACH job position at Lordstown assembly. The Peterson Institute estimates that it costs $900,000 for each steel worker job. These type of skilled-trades jobs pays $3/hour in Taiwan and $1/hour in China. Korea is a bit more expensive than Taiwan, but Vietnam and Thailand are much cheaper.

25% tariffs will simply move production from China to: Korea, Taiwan, Vietnam and Thailand. Same job losses in the USA, same import/export deficit – just to different countries.

200-300% tariffs on all goods from all countries will bring jobs back to the USA.

There was an American generation that fought the fascists. There was an American generation that fought the communists. Those generations have provided the peace that will allow this next fight to happen economically and informationally/digitally. This generation will have to decide if it wants to fight for: freedom of thought, human rights, liberty and justice.

There was an American generation that fought the communists. Those generations have provided the peace that will allow this next fight to happen economically and informationally/digitally. This generation will have to decide if it wants to fight for: freedom of thought, human rights, liberty and justice.

Nuclear weapons have made large-scale war suicidal, so we will now fight on an economic and digital battlefield. The two sides seek to use economics and information to very, very different aims. The west for democracy, the east for autocracy. The weapons this time are digital – financial and social.

I cannot imagine a worse general than Trump. But he’s the only one willing to fight.

References:

https://www.cnbc.com/2019/05/08/gm-says-it-will-invest-700-million-to-create-450-jobs-in-three-ohio-cities.html

https://www.washingtonpost.com/business/2019/05/07/trumps-steel-tariffs-cost-us-consumers-every-job-created-experts-say/

Do NOT follow this link or you will be banned from the site!