Quote:
Originally Posted by FuzzyPlum
Great- an international trade war on the way. Well done Don you 5 year old pillock.
There was me thinking US republicans were all for laissez-faire economics.
Does nobody any good...anywhere.  |
An international trade war "on the way"? What do you think has been going on for decades to our detriment? Why do you think everything seems to be made in China today? Previous administrations have looked the other way as countries have unilaterally imposed strict controls and duties on American imports.
Elon Musk (not exactly a "5 year old pillock") pointed out that China imposes a 25% duty on all American cars imported into China while we impose only a 2.5% duty on imported Chinese cars - a tenfold difference! He also noted that US companies cannot own more than a 50% share of any Chinese auto factory while there are five 100% Chinese-owned auto factories within the US. Does this sound particularly "laissez-faire"?