re: #128 Charles Johnson

The national and global economy can absorb a lot of damage before teetering. Individual countries can be in recession without taking the entire global economy with it. Germany is already seeing recessionary activity, with 2019 seeing 0.9% growth. The ME is at 0.3%.

China is over 6%, but the trend line is slowly moving towards 5%. That’s been a gradual change. The US is at 2.3% and UK is at 1.2%. All figures from the IMF.

The trade war does damage to both the US and China, but China has more room to give IMO (and they can produce the stuff Americans want, but Americans aren’t producing here). They have other markets. American farmers are watching the Chinese retaliate in a very specific way that maximizes harms to American businesses.

Trump doesn’t get any of this. Or he doesn’t care.