Quote:
Originally Posted by TropicCat
sigh...... Interesting timing as this news waas released today.
".........the world’s 20 major economies have been responsible for as many as 121 “blatantly protectionist” measures, with 134 more in the pipeline, said Global Trade Alert, a monitoring service overseen by the London-based Centre for Economic Policy Research and supported by the World Bank and other international organizations......."
Only 15 of these are American. It would appear that the rest of the world is already erecting trade barriers, once again leaving America as the 'patsy'.
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Oh, don't worry Trop, we'll have an all out trade war soon enough. Americans will demand protection, that will prompt other countries to put in place even more protection, we put in place even more protection, and before you know it nobody is trading with anybody and we're living in feudalism again.
See, that's my whole argument - when people put protection in place and try to protect themselves, you don't respond by putting your own measures in place which is what you and CD are arguing, what you do instead is convince the other side to drop theirs so you can all trade freely together.
1930's redux.