Tough Stand On China Trade Will Reap Benefits for The World; Not Just U.S.
1. My great friend Ralph, you are talking with your head in the cloud and your mouth at your very bottom.
Please remember, Trump's policy is "America First", not "World First". It remains to be seen whether he could succeed in his attempt.
Like a "black hole", he has tried to "reap" as much money as possible for the US from all countries -- foes and friends (the EU, Canada, Mexico, Japan, South Korea, Australia, etc) alike. Hence it is utter rubbish for you to claim that the world will reap benefit from the US-Sino trade war.
2. Please read the following excerpts from the article at
https://ihsmarkit.com/solutions/us-china-trade-war-impacts.html
(Begin excerpts)
A trade war, initiated by the United States, would do serious damage to the global economy as protectionist actions escalate. Countries imposing tariffs and countries subject to tariffs would experience losses in economic welfare, while countries on the sidelines would experience collateral damage. If tariffs remain in place, losses in economic output would be permanent, as distorted price signals would prevent the specialization that maximizes global productivity.
The probability of an all-out trade war, while still relatively low, is increasing. China and the United States have the most at stake, and it is in their best interests to reach an agreement that addresses key issues such as market access, intellectual property rights, and joint-venture technology transfer....
There are no real winners in this US-initiated trade war. Countries facing new tariffs, including the United States, experience declines in real exports and GDP. Other countries are hit indirectly through weaker demand for their own exports, either through supply chains or in response to weaker global economic growth. These effects outweigh any potential gains from trade diversion to avoid tariffs. In the protectionism scenario, the level of global real GDP is reduced 0.1% this year, 0.8% in 2019, and 1.4% in 2020. Thus, global economic growth in 2019 and 2020 is only marginally above our 2.0% threshold for a world recession.
World trade suffers in a more protectionist environment, as countries turn inward and multinational companies move production to end markets to stay competitive. In the scenario, real global exports of goods and services are 2.4% below the baseline level by 2020. The sharpest declines in real exports occur in China and the three North American countries.... (End excerpts)
3. In one of the episodes of my political satire "The Old Man of the Mountain", I use the ruthless, selfish acts of the notorious pirate chief Captain Shrimp Roe to mirror Donald Trump's brutal "America First" policy. The following are excerpts from the story:
(Begin excerpts)
On the way to another island, a storm appeared out of nowhere and the boat was tossed about in the huge waves. Captain Shrimp Roe ordered the other two pirate lords to draw their swords, saying: "To put it simply, we are standing at the crossroads of immense promise and great peril. It is entirely up to us whether we lift ourselves to new heights above the waves or let ourselves suck into the maelstrom of disrepair. As the chief of the pirates, I will always put our gang first.
In order to survive the storm, we have to reduce the load on the boat. Both of you have to force the unarmed men to jump into the sea. You should know how to deal with them if they put up stubborn resistance.”
Priest: So you were one of the unarmed pirates thrown overboard to lighten the boat, but you are lucky enough to survive in the end.
Middle-aged man: No, I am not an ordinary pirate but a pirate lord. As I was third in the leadership lineup, I had to obey Captain Shrimp Roe's command. The other pirate lord and I had no choice but help him slay all those unarmed pirates who refused to jump overboard.
Priest: Please tell me how you end up drifting in the sea.
Middle-aged man: At first, I thought the bloodshed was over with only three men remained onboard. Captain Shrimp Roe, however, said: "It's not over because the storm is not over. As a human, I will always put myself first, just like you, as humans, will always, and should always, put yourselves first."
Priest: I suppose you and the other pirate lord had engaged in a life-and-death struggle with Captain Shrimp Roe before you ended up drifting in the sea.
Middle-aged man: In the final battle, three of us stood on the boat with our swords drawn. The other two were standing at each end of the boat, while I was the unfortunate one to stand between them. Captain Shrimp Roe told me: "My dearest best friend, I can't bear to kill you with my own hands. Among the three of us, you are the least-skilled in swordsmanship, but you are the best swimmer of the gang. Hence you have a better chance of survival if you choose to jump overboard than to die under my sword."
While I was hesitating whether to swim or fight, I did not notice that he was inching towards me. Suddenly he gave me a kick and I fell overboard. I let go of my sword, and swam as hard as I could to stay atop the huge waves. As I drifted further and further away from the boat, the last thing I heard was the noise of clashing swords, shouting and screaming.
Priest: Do you know who the final victor is?
Middle-aged man: God knows. I was fortunate enough to cling to a piece of driftwood in the choppy seas. I was in a semi-conscious state, losing all sense of time. When I felt my body hitting something hard, I found myself lying here. I suppose I have been washed up ashore after drifting for several days in the sea. I was so exhausted that I fell into a deep slumber until I felt your warm hand on my shoulder. (End excerpts)
https://politicalfray.com/threads/political-satire-the-old-man-of-the-mountain-16.7834/
https://www.bbc.com/news/av/world-us-canada-38698654/donald-trump-america-first-america-first
