Trade war begins

[scooterscot]

£320m a week is starting to seem like a bargain.

[TwoWolves]

So in which part of your superior education were you taught that protectionism might be a good idea for an advanced economy like the US?
I don't think economists always know what they're talking about but there are areas of economics that have empirical evidence attached.
For example, price controls seem to be an obvious way to protect poor people but they ususally lead to shortages.
And likewise the idea of non-protectionist free trade has been a leitmotif of the UK economy and other EUropean economies since at least the 18th century, simply because it led to greater prosperity.

Never said it was a good idea, you smoke too much weed. I said it was common and a sensible retaliation to another trading party doing it. China has been taking the piss for years but you are blind to this for some reason.

Globalization has been an abject failure but the propaganda machine rolls on doesn't it? It's been responsible for the hot flows that fed the dot-com bubble and then real estate.

[sasguru]

Never said it was a good idea, you smoke too much weed. I said it was common and a sensible retaliation to another trading party doing it. China has been taking the piss for years but you are blind to this for some reason.

Globalization has been an abject failure but the propaganda machine rolls on doesn't it? It's been responsible for the hot flows that fed the dot-com bubble and then real estate.

I don't smoke weed. In what way has China been taking the piss?
Perhaps people who are smarter than you can see that having a billion people who have some consumer power is good for the West both economically and for political stability and have allowed the protectionism that many developing countries need at first?
You need to have some perspective and remove your head from up your arse where it seems to be lodged.
Globalisation has lifted millions of people from poverty around the world. That's a good thing for the world as a whole.
It's the only way to prevent migration flows from becoming compeletely intolerable.
And it seems to be working fine for many people in the West.
Maybe you should have worked harder at school - it's obvious you're pretty poorly educated - your logical ability and powers of analysis are piss poor.

[scooterscot]

Would now be a good time to buy up US steel and just store it somewhere in the US?