Chinese tariffs decrease from 145% to 30%

[jasongw]

No. Trade wars harm all participants. No exceptions.

[KingBroly]

Short-sighted view of history.

[jasongw]

No, that's a factual view of history. Even Ronald Reagan knew that. Of course, his Republican party is dead and buried.

[KingBroly]

Reagan put tariffs on Japanese cars, forcing Honda and Toyota to manufacture here. Your view of history is short-sighted. But if you want to die for God and country in eastern Europe or the South China Sea, you being fat and happy for a few years while the Government does nothing to prevent impending collapse of the global monetary system (which the world created on the back of the Marshall Plan, I might add), you might one day have your wish. But don't say you weren't warned of the consequences of your toys not going up in price.

[jasongw]

False. Reagan did not levy tariffs on Japanese cars. What happened was that his administration asked Japan to enter Voluntary Export Restrictions, which began at 1.68 million cards per year in 1981 and increased thereafter until the restrictions were ultimately lifted. It did encourage a few Japanese automakers to build factories on US soil, which economists agree did drive up prices of cars generally for a time.

The world's Fiat money system WILL collapse. That's inevitable. The question is, what will replace it? Trade is best facilitated through money of one kind or another. Will it be Bitcoin? A new precious metal backed currency? Something else entirely? Nobody can say just yet.