Not really, yeah it depressed international trade, but the net impact on the was 0.1% of GNP. And as you point out "In the last Great Depression". It wasn't implemented until we were already well into the last Great Depression, so it certainly wasn't the cause.
Going into the Great Depression exports were 5% of GNP. But GNP went down 46%. No way Tariffs were responsible and they weren't even implemented until the Depression was well underway.
Besides go back and read post 14. China has 30% tariffs against Catepillar equipment. Even if it made sense to take advantage of cheap chinese labor when our own people are unemployed, which it doesn't. China's not playing by the same rules.
You're afraid of starting a trade fight, so you're just going to stand there and let them punch us. I guess it's not a fight if you don't punch back. Mission accomplished.
China is not the cause of our problems.
Our problems are from within.
And I don’t believe China is doing nearly as well as claimed. In fact I believe they are near the edge of collapse. There’s no transparency on anything financial. There’s only what some government official says the numbers are. Central planning never works and it won’t work for China and it won’t work for us.
Great post!