but, this is all under the assumption that nothing replaces any of it, which is not realistic.

trump is actually helping us out by attacking europe & japan, simultaneously - because they're going to be looking for new importers at the same time that we're looking for new export markets, and vice versa.

i'm not suggesting that it will be an easy process; there are certain to be layoffs and downturns in some sectors. but, all of the analysis on the topic for years has been in a vacuum, and that vacuum no longer exists.

the fear that we'd be cast out from the american trading system is inverting itself; it is rather america that is pulling itself out.

http://www.cbc.ca/news/business/trade-war-recession-ramifications-1.4710096