Good article, nevertheless it's only scratching on the surface of the trade-war-issue as it's focusing intentionally only on a few points.
I'd like to mention some more things, that are either only mentioned by some keyword or not at all. Surely my points are very limited too and by far not so well discussed like things in the article.
With the outsourcing of some industries in the past to China and other countries, the USA outsourced also environmental issues like generating power for steel-production but also knowledge. Question is if and how fast the industry in USA can compensate the missing supply from China.
This question can be extended to many other branches too, i.e. agriculture: how fast missing soya for animal-food can be replaced.
My impression might be wrong, but concerning network-devices US-companies like Cisco are showing quite bad performance in comparison to Huawei - either by prices, the devices themselves or the corresponding software. Certainly Cisco is not the only US-company that is producing network-devices but seeing that Huawei products are used everywhere is raising doubts that US-companies produce either the same quality or for enough competing prices.
So there are two problems:
1) outsourcing reduced machinery, other required resources and perhaps knowledge.
2) mass-consumption of some Chinese products like network-devices shows weakness and vulnerability of the US-market in the related branches.
Both points are perhaps minor problems in a globalized market, but in a trade-war they become major problems for all concerned parties.
This leads to the next problem: "concerned parties" are not only USA and China as Trump is not limiting the war on USA and China but also forcing other countries in line by raising taxes or other sanctions if they don't apply. Ignoring any sovereignty of other countries he is making the trade-war international - no matter how good or bad his decisions in detail are (personally I never consider any of his decisions as good). He's also ignoring any advices and other countries' opinions and decisions.
The interesting point is that Trump is getting support from some countries like Russia but also some other ones.
What the impact of the trade-war is for US-citizens might be partially assumed by the mentioned things - at least related to the mentioned branches. Certainly that is not enough to get an impression.
Also it might be interesting which products suddenly are just missing on the market and if so, what impact it has.
@[Bill Johnson](user:14917) The macBook has a processor with 1.1 GHz. Current values on the intel page have 2.2GHz - this is already outdated with 2.2 GHz already too: ark.intel.com/.../Intel-Core-m3-6Y30-Processor-4M-Cache-up-to-2_20-GHz. So correct my if I'm wrong but I call it still outdated even on the apple page there is a label "NEW"
@[Bruce Pile](user:22524) Thought about buying an apple computer but read (5 min search) that the models are all outdated and not populated since two years. They never lowered prices and new models not yet announced. Could have some impact to stockprices too...
"Stucking on the Euro" sounds like Greek would be able to pay everything with an own currency. The system has some basic faults and these are not gone with another currency. Sure the Greek market might be overvalued just by a strong currency but the basic problems have been existed before the Euro and replacing a currency won't change them.
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The U.S., China, And The New Cold Warriors
Good article, nevertheless it's only scratching on the surface of the trade-war-issue as it's focusing intentionally only on a few points.
I'd like to mention some more things, that are either only mentioned by some keyword or not at all. Surely my points are very limited too and by far not so well discussed like things in the article.
With the outsourcing of some industries in the past to China and other countries, the USA outsourced also environmental issues like generating power for steel-production but also knowledge. Question is if and how fast the industry in USA can compensate the missing supply from China.
This question can be extended to many other branches too, i.e. agriculture: how fast missing soya for animal-food can be replaced.
My impression might be wrong, but concerning network-devices US-companies like Cisco are showing quite bad performance in comparison to Huawei - either by prices, the devices themselves or the corresponding software. Certainly Cisco is not the only US-company that is producing network-devices but seeing that Huawei products are used everywhere is raising doubts that US-companies produce either the same quality or for enough competing prices.
So there are two problems:
1) outsourcing reduced machinery, other required resources and perhaps knowledge.
2) mass-consumption of some Chinese products like network-devices shows weakness and vulnerability of the US-market in the related branches.
Both points are perhaps minor problems in a globalized market, but in a trade-war they become major problems for all concerned parties.
This leads to the next problem: "concerned parties" are not only USA and China as Trump is not limiting the war on USA and China but also forcing other countries in line by raising taxes or other sanctions if they don't apply. Ignoring any sovereignty of other countries he is making the trade-war international - no matter how good or bad his decisions in detail are (personally I never consider any of his decisions as good). He's also ignoring any advices and other countries' opinions and decisions.
The interesting point is that Trump is getting support from some countries like Russia but also some other ones.
What the impact of the trade-war is for US-citizens might be partially assumed by the mentioned things - at least related to the mentioned branches. Certainly that is not enough to get an impression.
Also it might be interesting which products suddenly are just missing on the market and if so, what impact it has.
Apple And Tech And The Market, Oh My
@[Bill Johnson](user:14917) The macBook has a processor with 1.1 GHz. Current values on the intel page have 2.2GHz - this is already outdated with 2.2 GHz already too: ark.intel.com/.../Intel-Core-m3-6Y30-Processor-4M-Cache-up-to-2_20-GHz. So correct my if I'm wrong but I call it still outdated even on the apple page there is a label "NEW"
Apple And Tech And The Market, Oh My
@[Bruce Pile](user:22524) Thought about buying an apple computer but read (5 min search) that the models are all outdated and not populated since two years. They never lowered prices and new models not yet announced. Could have some impact to stockprices too...
Running Out Of Cake: Greek Crisis Reveals Consequences Of Socialism
"Stucking on the Euro" sounds like Greek would be able to pay everything with an own currency. The system has some basic faults and these are not gone with another currency. Sure the Greek market might be overvalued just by a strong currency but the basic problems have been existed before the Euro and replacing a currency won't change them.