Trade wars??

[Green_Bear]

There is a mini trade war brewing between the United States and China, and textiles and apparel are right in the middle of it. As the overall US trade deficit with China heads toward another annual record level, and textiles are a big part of it, members of Congress, the Bush administration, trade officials, organized labor and a number of import-impacted industries are showing increasing concern over trade with China. But the Chinese are charging that much of the problem stems from structural deficiencies in the US economy, and they don’t want to take all the blame.
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Trade War With China?
textileworld.com/News.htm?CD=3847&ID=13598

I was thinking if each trading block is manipulting their currencies to gain advantage over the other, then surely the inevitable outcome is a trade war or tariff system?

[rock3r]

War is a very strong word to use. China can bankrupt the USA at its whim by dumping its dollar reserves. “War” is a term that should be reserved to conflicts where both sides have a chance of winning.

[geckko]

China can bankrupt the USA at its whim by dumping its dollar reserves.

Hardly.

[Mark]

War is a very strong word to use. China can bankrupt the USA at its whim by dumping its dollar reserves. “War” is a term that should be reserved to conflicts where both sides have a chance of winning.

That’s MAD. Mutually Assured Destruction.

[Duplex]

https://www.optimist123.com/optimist/images/2007/04/09/piechart200701.gif

I think the principle threat in the Debt War for the Americans, are the Americans themselves.

(see if you can spot Ireland on the chart, we must be one of the biggest holders on a per capita basis)