Posted on 09/20/2018 9:15:04 AM PDT by SeekAndFind
As the latest salvos were fired in the growing trade war between the United States and China, concerns continue to mount in the business community about how just how long the conflict might endure. Alibaba group founder and China’s richest man Jack Ma recently spoke to an investor summit in Hangzhou, China regarding his thoughts on the direction the trade war may take.
In his speech, Ma said the trade war was “going to be a mess,” and that regarding its potential duration it could last for “maybe 20 years.”
Ma went on to compare the current trade dispute with the U.S trade actions conducted against Japan in the 1980’s, as Japan looked to be a potential challenger to the United States economic ascendancy.
Ma theorised that the U.S was now setting its sights on China because it has become the world’s second-largest economy stating: “This kind of thing happens,” he said. “It’s very natural.”
Jack Ma (file photo via Flickr)
What makes this trade war different from other trade disputes in the past?
Normally trade war negotiations are extensively defined by the national interests of the two countries involved in the dispute. This motivates the two parties to attempt to act quickly on behalf of industry and employees in their respective countries, to settle the dispute to both sides mutual satisfaction.
In this instance, the trade war is not just between China and the United States, it is a conflict that is also defined by the personalities and the domestic interests of Chinese President Xi Jinping and U.S President Donald Trump.
As Jack Ma correctly pointed out, this trade war is not just about unfair trade practices or an imbalance in tariffs,
(Excerpt) Read more at americanthinker.com ...
Trade War is better than Trade Surrender.
The Chinese military will pull Xi out if it last more than six months.
I recommend that Walmart and other major purveyors of Chinese product URGENTLY seek alternative suppliers. Hows this for a possibility ... seek out domestic American businesses to supply products.
The ChiComs are sweating it....big time.
4 years, if Trump gets reelected.
China will not last that long in a trade war.
Heck, China won’t last 5 years in a trade war.
China is dependent on other nations to have a “somewhat” successful economy, and they’re especially dependent upon the U.S. to keep their economy going.
This trade war won’t last more than a year, and China will have to give in soon.
In 20 years without the US market China will be back where it was before Nixon. Its up to them, we can just build anything we need here. It might cost more but it will last longer
We have been in a trade war already with China for 20 years and we have been losing.
I hope he is right.
Agreeing to equally low tariffs would not be in our interest. We need to rebuild our industries. A “fair” trade agreement with low tarrifs isn’t going to result in that. In fact it will result in more lost industries, because of the wage differential.
He is smart enough to realize that Trumpism is part of American Politics that is here to stay, and will outlast Trump himself.
The longer it goes, the less unfettered access China will have to American markets. We will pay more for Chinese crap, but maybe we can pay off the national debt with the income. In the end, American manufacturing and markets will be stronger. China will suffer a ongoing severe economic downturn. but hey, they can keep face.
NEWSFLASH We have been in a trade war with all countries for decades. President Trump is the first one to admit it and actually fight back. The problem is that most people have never seen a President with giant brass balls before.
I'd say china has WAY more to lose than we do. That's the problem with having a really lopsided trade balance, if it starts to shift one side suffers way more. China plays the long game and I'm sure they will likley say "we're willing to suffer for 4, 8, 10 years if that's how long it takes until another puppet takes change in America." They'll say that. But we'll see if they can make it work.
He’s nixed his million new jobs proposal.
“In 20 years without the US market China will be back where it was before Nixon. Its up to them, we can just build anything we need here. It might cost more but it will last longer”
Americans should shun Chinese-made stuff, and accept the fact that their survival as a country is dependent on reining in China, with trade practices being only one facet of the problem.
So he’s predicting that Republicans will be in power for the next 20 years?
Excellent point.
In the meantime, US domestic industries will start producing the goods heretofore imported from China. More and better paying jobs for American workers will result as American businesses and investment return to this country.
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