Comments by "Paul Aiello" (@paul1979uk2000) on "The Young Turks" channel.

  1. I don't think trade wars have every really worked in the past and I don't see why they would now and if I recall, I think the last time we've had a trade war where both side put tariffs on more then once was in 1930's and we all know how well that happened, ironiclly it was the US that started that too. Either way, Trump could only win this if the other players like the EU and China didn't put tariffs on US goods but they had to do that because if they didn't, Trump will think he's won and get more aggresive, in other words, tic for tac is the name of the game and we all lose out for it, the problem for Trump and the US is that they stand to lose out the most because the rest of the world is far bigger and they can trade with each other, this isn't what Trump had in mind but clearly Trump doesn't know economics. We should also rememeber that Trumps tariffs on the EU and US harm a lot of American jobs, then throw in the tariffs the EU and China puts on the US and if other tariffs go on both sides, it's going to really hurt living standards in the long run. This could also be Trump's hanging moment, if Trump goes ahead with more big tariffs, that could be enough to force him out once it starts to bite into peoples pockets. Another thing that Trump doesn't understand, the US isn't needed as much as he likes to think, the EU alone is about the size of the US, China is more or less the same and then there is the rest of the world, if Trump keeps pushing, he's going to weaken the US big time at a time the US can't afford that with a rising China.
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