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Comments by "" (@badluck5647) on "How To "Win" A Trade War" video.
You win by agreeing to the status quo and then have Musk on Twitter and Murdoch on Fox News declare victory for the president.
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The protectionism benefits key domestic players at the expense of everyone else.
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@kieronparr3403 It depends. For example, Elon will be hurt by less sales of his Teslas after Trump puts a tarrif on products coming from his Chinese factory. Assuming that he doesn't get a "legitimate" waiver.
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Social Security has a deficit. Where is the excess money?
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@GoldenMinotaur They make parts in China/Mexico to be assembled in America
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@somebodyintheworld5036 Let's take dairy farmers as an example. Canadian dairy farmers export more to the US than American farmers export to Canada. Dairy lobbyists in the US want to tariff Canadian imports as it lets American dairy farmers have a captive market in the US. If Canada retaliates by tarriffing American dairy, then that is okay with American dairy lobbyists as they would rather lose a slice of the smaller Canadian market in order to keep all the pie of the larger American market. Consumers, Canadians, Americans, cheese manufacturers, pizza places, etc. will all lose. American dairy farmers and their lobbyist friends win.
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