Does Anyone Win In A Trade War?

CNBC’s Rick Santelli stated that the idea of no one ever winning a trade war was, “horse hockey.”

Santelli stated, “When I hear so many people from so many countries that are bureaucracies say the following–“There are no winners in a trade war”–I would say, “Horse Hockey.” My answer would be why do so many people all over the world go on strike? Because it is exactly the same model. You are going to lose being the employees, your employers are going to lose. So why do it? Because one or both sides over time, once the new agreement is made, will make up for lost time and they’ll have a better logistical set-up. And that’s why they go on strike.”

“I’m not sure how its going to end but I feel fairly confident that the conventional wisdom description will not be the accurate one,” Santelli added.

  • Frank Roza

    We’ve been hosed for years by these countrie that play protectionist but don’t let USA made products in their countries without huge tariffs,We don’t need any products made outside our country anyway,so why buy them?They may be a little cheaper in the short term..but in the long run,keeping the money in our own country,helps more.

  • delbromm

    Although I am ultra conservative and support President Trump, I have a deep seeded problem with tariffs! When and where will/do they stop? When the damage is done to our economy, stockholders, employees, etc, etc????????

  • Michael Santarsiero

    There is no such thing as a “trade war”. It is like “assault weapons”, a made up term. No country in the world can survive without our money, they will all be begging us, so don’t give it a second thought. Forcing corporations offshore in search of cheap labor and “free world trade” are just schemes to drag this country down economically. Your standard of living will eventually equal the country where your goods and services come from. You can’t earn $25/hr in your job but pay someone else $1/hr to build your toaster. Marxists want us poor, broke and hungry so they can assume power. So wake up and thank God President Trump is reversing what the last four presidents have screwed up.

    • Mark Patterson

      What planet do you live on, Santarsiero? If China, Russia, the EU, British Commonwealth, India & Pakistan, Mexico, Japan and Brazil all decided to boycott the U.S., say goodbye to your economy. Trump is pissing off just about everyone he deals with, due to his belligerent arrogance. I foresee a return to widespread anti-U.S. sentiments like there were during the Vietnam era. I was in Europe during those years, and I felt sorry for many American tourists who were insulted and harassed because of their country’s politics at that time.

      • Steve

        Say goodbye to our economy? That’s the same kind of stupid ass thinking that underestimated the United States in the second world war!

        • Mark Patterson

          Steve, the U.S. had all of the British Commonwealth countries on their side during WW2. In 1939, Britain had the most powerful navy in the entire world.
          Furthermore, Hitler was up to his eyeballs in you-know-what after invading the Soviet Union by the time the U.S. decided to ‘help out.” You and some other Americans need to feast on some humble pie, and realize that you are not “kings of the world.” There are over seven billion people on earth, and the U.S. has around 330 million inhabitants. That’s a ratio of 21 to 1 by my count. Or is the rest of the world totally irrelevant to idiots like you.

          • Steve

            Bullsh_,t! Without the U.S. saving Europe’s ass you’d all be speaking German! We don’t need you or anybody else, we got all the natural resources we need to survive without the rest of you. We’ve been isolationist before and we could do it again and that just gets everybody’s goat. Humble? Ain’t gonna happen! We’re still the world’s only Superpower! God it’s good to be an American! God bless the USA!

          • Mark Patterson

            Well you Steve, and those that think like you, can go play with yourselves if that is your preference. History has repeatedly proven that every dominant empire lasts about 50-100 years. The Romans, Spanish, French and British and others. Donald Trump looks like he is preparing the U.S. to be the next empire that crashes. He’s already endorsed massive tax cuts for the rich, and the wealth will continue to keep accumulating for the top 1%. However, economics should teach you that an economy can’t keep growing unless the majority of the population has discretionary income to spend. How many houses, cars, baskets of groceries, etc. will ONE billionaire buy in one year? Now think of how many houses, cars, baskets of groceries, etc. that TEN THOUSAND people earning $100,000 a year will buy. Get the picture yet? Your economy CANNOT succeed if Trump continues on his destructive path. Furthermore, China, the EU and Canada are now hitting your country with tariffs equivalent to those that Trump laid on them. Guess what? American consumers are going to be paying more for a multitude of commodities. Your cost of living is going to SKYROCKET! Good luck living in your future pitiful empire.

      • Michael Santarsiero

        Mark, the fact that you are posting here means you are one of us working people. If you were a billionaire you would not waste your time here so your opinion is worth what mine is. Mark if you value third world standards of living move there dude. None of those countries you listed would boycott US dollars. The world would starve without our money and subsidizing of their economies. President Trump knows that and they know that. They are just exercising the only option they have, throw a tantrum.
        Economics 101: Your standard of living will eventually level off to the standard of living your goods and services come from.