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Strategies & Market Trends : John Pitera's Market Laboratory
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To: richardred who wrote (21085)7/20/2018 1:28:52 PM
From: robert b furman1 Recommendation

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toccodolce

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Hi rick,

I think we allowed the unfairness to occur - going way back to when WW II had destroyed everything.

We could have crushed them economically - but thought a robust world business would be to our advantage to let it grow.

So we weren't hard negotiators.

Trump is just showing his business saavy and has said enough is enough.

I admire his stand.

All of those who say world trade will be damaged are those who have tariff deals that punish the US and don't want to give up the gravy train.

I say let the babies scream and have a tantrum.

Once the Germans see their bimmers and benz sales collapse by 40%-50% , they'll be seeing reciprocal tariffs as a solution.

When that happens Trump will hold all the cards and he'll negotiate toughly to make it fair and balanced.

The goal of all trade should be no tariffs on either side - that was the sales pitch that WTO GOT PUT ON US BY THE WTO IN THE FIRST PLACE. "let the most efficient manufacturer of widgets make all the widgets for the world. That's a fair efficiency concept. Then Euroland ,Japan,and China started adding their protective tariffs on huge production facilities.

If tariffs are embraced, those too large for their domestic market will slowly go broke.

New more efficient plants will pop up all over the USA (largest market).

Trump has the world by the cajones and knows it.

We're hearing fear mongering cry babies.

They'd be smart to blink before their manufacturing collectively gets gutted like much has here in the USA.

Bob
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