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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: ryanaka who wrote (377975)	7/23/2018 11:36:06 AM
From: zzpat	Read Replies (2) \| Respond to of 542797

If this "war" materializes it'll be financial and that's why the petro yuan is so important. With a petro-yuan the US dollar collapses and the war is over within a matter of minutes. A new world order will begin without the US.

To: ryanaka who wrote (377975)	7/23/2018 12:00:12 PM
From: Sun Tzu	Respond to of 542797

Everybody talks about the $500B+ imports from China. But that is a very misleading number. Take the case of the iPhone. You pay $1200 for the iPhone, of which $400 is Apple's profit. Another $400 is the cost of the material used in manufacturing. Of the remaining $400, only $40 is China's share. The rest is the profit by various distributors and component makers along the way. So imposing a $300 tariff on a $40 profit from China doesn't seem quite right. There was a detailed analysis of the supply chain that I posted somewhere, but I can't find it now. Google is your best friend if you want to dig in deeper, but the gist of it is what I said above.