Question: Will a trade war (with China and other countries) benefit the U.S.?
Bob Rauch, R.A. Rauch & Associates
NO: China’s exports to America are less than 3 percent of its GDP and the U.S. sends less than 1 percent of its GDP to China. China thinks Americans would object to paying higher prices for manufactured goods from toys to televisions. But other developing countries are supplanting China with low-end production for American consumers. A trade war would be a “lose-lose” proposition and Qualcomm could be negatively impacted. Increase trade with China.
For the full article by Contact Reporter, Roger Showley, click here