I'm with Trump. I'm itching for a global trade war.
The English charge 4 times the tariff on American cars than we charge them.
An American made motorcycle that sells for 9K here sells for 20K in Germany.
The Canadians charge a 270% tariff on American milk, cheese and butter. They do this not to protect thousands of family farmers in Canada but to protect a dozen conglomerates. The average Canadian pays $200 more per year for milk, cheese and butter than they should have to.
We have a 375 Billion dollar trade deficit with China. Take a look at the math. The Chinese import 130 billion a year from us. We import 505 billion a year from them. Trade barriers prevent us from doing any better. Trump announces 50 billion in tariffs. The Chinese respond with 50 billion in tariffs. Trump is now putting together another 200 billion in trade tariffs on the Chinese. How can they respond? They only have another 80 billion to work with. If they fire off any more trade tariffs Trump will then put tariffs on remaining 250 billion.
The trade war will hurt the Chinese a hell of a lot more than it will hurt us. And Trump will then be negotiating from a position of power. It's best we get this trade war going while the economy is strong. So let's go Trump. Bang the shit out of them. I'm willing to pay more for goods until the Chinese wise up.