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Tariffs & Trade Wars Are Initiated Out of Weakness
The Trump administration is applying aggressive trade tariffs against friend and seeming foe alike in these days of heightened yet manufactured global economic “events, dear boy, events”, to quote former British Prime Minister Harold Macmillan. China’s getting the brunt of the tariff abuse, and is returning tariff pressures in kind while ramping up its drive toward achieving further, wider economic independence and geopolitical influence. Reasons given by Washington for its tariffs are nothing new, however, whether the accused culprits are the Chinese, or allies such as Europeans powers, Canadians, Mexicans and others.
Why tighten the tariffs and wider trade war vices now, though? Is it because foreign economic antagonisms are egregious to the point of being unbearable by the world’s strongest economic power? Are non-US actors ultimately NOT supposed to compete ‘too effectively’? Or are tariffs applied to distract away from an imminent, deep global recession, due largely to the world not having credibly escaped from the so-called Great Recession of a decade ago?
In this 20th episode of Money & Fear, and in the show’s detailed Show Notes listed under the videos on our website, we’ll review the disturbingly magnifying trend of hurled tariffs between the US and the East while weighing how China may be going about defending itself and mobilizing to ‘capture fish while waters are being stirred’ internationally, so to speak. The Japanese experience post-Plaza Accord of 1985 will be weighed alongside weighty risks expressed in the US and wider West over such seemingly rash actions of economic warfare.
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Show Notes
How Europe should respond to Trump's steel tariffs
E.U. Leader Threatens to Retaliate With Tariffs on Bourbon and Bluejeans
Trump rolls out a massive list of tariffs for $50 billion worth of Chinese products
U.S.-China Trade Tariffs Could Set Back Much of Trump Job Gains, Says Study
China's About to Give Global Finance the Chance of a Lifetime
Study shows tariffs against China would destroy thousands of American jobs
The National Retail Foundation website
Trump's massive new tariffs could have distressing consequences for your beer purchases
Trump's newest trade policy has been tried before — and it was terrible for the US economy
US-China Trade Talks End Without A Deal After Trump Hikes Deficit Cut Demand
China seeks to learn from mistakes of 1985 Plaza Accord
Two Decades of Deflation: Impact on the Japanese Financial System
China won’t repeat Japan’s Plaza Accord mistake
In Silicon Valley, a gathering urges Washington to rethink view of China
China's tariffs would hurt Apple and these other US companies
Dow plunges more than 550 points as Trump-China trade war threats escalate
Dow tumbles as many as 700 points amid mounting trade war fears
Alibaba Group, China - Website
Possible trade war couldn’t come at a worse time for US, says Alibaba co-founder
Trump trade team visiting China just got bigger
“It became necessary to destroy the town to save it”, unknown, Vietnam, 1968
Britain Embraces China's 'One Belt' Initiative; Washington Offers Warning
China’s rise as a regional and global power: The AIIB and the ‘one belt, one road’
Alternate Unemployment Charts - ShadowStats
Where the current economic boom ranks in American history
U.S. Economic Expansion Could Become Longest on Record
Papers
Marx, Hegel, the Enlightenment and Magic
Books
Hegel and the Hermetic Tradition
Full Spectrum Dominance: Totalitarian Democracy in the New World Order
*For additional footnotes and links refer to the Newsbud article link above
