Monday, September 4, 2017

Trump's proposed ban on trade with nations doing business with North Korea could be economically costly to Americans


Apparently President Donald J. Trump would have the power to stop any party in the US from doing business in any country trading with North Korea.

Alexander Smith has a provocative piece for NBC News indicating that this could throw the US economy into severe recession, wipe out many jobs (which Trump has been trying to save)  There might be no iPhone8.  Broken computers might get harder to fix.

Here is the link.

Of course, one wonders why American companies (Apple) can’t move more jobs back home or to more acceptable countries.


It’s not clear if this would just stop with China or move on to other countries.  Would China really bow to such pressure.

This sounds like demanding “sacrifice” from Americans to stop war.  But would it?  Kim Jong Un could feel he’s screwed, waiting until he has a deliverable H-bomb, and attack the US anyway, or try to demand that the US leave the Korean Peninsula by launching missiles that detonate over the Pacific.  This may indeed be the old Domino Theory at work.  Those of us who got drafted during the Vietnam era know this all too well.
  

I rather expect Trump to address the nation on this matter Tuesday. 

No comments: