"Buy American" provision in stimulus package, voted by House today, is outrageous. Trade wars is exactly what we need to make current Great Depression 2.0 a long term scenario. It's not even like in 1930, trade wasn't that important then. Countries traded goods, but most production chains were localized in countries. It's absolutely different now. Processors are made in USA, memory chips and disks in Korea, optical drives in China, motherboards in Philippines, everything is assembled in China, US-made operating system installed. Just raise tariffs a little bit and final price can easily jump 50%! Trade wars right now are equal collective economic suicide of the world. Chaos they can bring would be much worse than what we had in 1930. Everybody knows what followed. Do we want World War III as a result of Great Depression 2.0?
They are idiots and don't know what they are doing.
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