Trump Threatens Additional 50% China Tariff Over Retaliation
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....I guess I'll just buy groceries and like nothing else for a few years huh
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Lmao, do it pussy.
China doesn't give a fuck, but your citizens certainly do.
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....I guess I'll just buy groceries and like nothing else for a few years huh
Those groceries might be too expensive, too
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China should just retaliate tit for tat. Let's just get this over with and get the full experience of what Trump has planned for this country.
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China should just retaliate tit for tat. Let's just get this over with and get the full experience of what Trump has planned for this country.
SpeedRun Recession Any%
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There was an article, by Bloomberg I think (ill look for the link - its a recent one) that stated that China is so-called trade wars proof. TLDR: almost no day-to-day goods are imported from the US. The imports from the US are mainly things like cars, phones, etc. That is, tariffs will have a very small effect on the lower and middle classes in China. Compare this to the situation in the US: China is the main source for cheap items at Walmart, Amazon, etc. Tariffs can absolutely devestate the lower classes in the US.
So, it seems that China can easily win the attrition war against the US.
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That’s 104%, across the board, if they don’t completely capitulate by tomorrow. Instituted and affirmed by Republicans.
What a timeline we're in. Imagine if you told this to someone in 2000.
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that's a great idea judging from how brilliantly the previous tariffs worked.
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Those groceries might be too expensive, too
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"Nooo, I said don't fight back! Not fair!"
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There was an article, by Bloomberg I think (ill look for the link - its a recent one) that stated that China is so-called trade wars proof. TLDR: almost no day-to-day goods are imported from the US. The imports from the US are mainly things like cars, phones, etc. That is, tariffs will have a very small effect on the lower and middle classes in China. Compare this to the situation in the US: China is the main source for cheap items at Walmart, Amazon, etc. Tariffs can absolutely devestate the lower classes in the US.
So, it seems that China can easily win the attrition war against the US.
Doesn’t matter for the Orangutan at the white house, we would rather trash the country than to admit he is wrong.
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China: All in at 100%
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There was an article, by Bloomberg I think (ill look for the link - its a recent one) that stated that China is so-called trade wars proof. TLDR: almost no day-to-day goods are imported from the US. The imports from the US are mainly things like cars, phones, etc. That is, tariffs will have a very small effect on the lower and middle classes in China. Compare this to the situation in the US: China is the main source for cheap items at Walmart, Amazon, etc. Tariffs can absolutely devestate the lower classes in the US.
So, it seems that China can easily win the attrition war against the US.
China has been building their economy over the past 20 years so that 60-80% of the GDP is domestic. A trade war with the US will not hurt them at all.
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SpeedRun Recession Any%
The sooner your economy crashes, the sooner the people revolt. Just telling them how bad things are getting/going to get doesn't seem to be enough.
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There's no way in hell the US can afford such measures.
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There was an article, by Bloomberg I think (ill look for the link - its a recent one) that stated that China is so-called trade wars proof. TLDR: almost no day-to-day goods are imported from the US. The imports from the US are mainly things like cars, phones, etc. That is, tariffs will have a very small effect on the lower and middle classes in China. Compare this to the situation in the US: China is the main source for cheap items at Walmart, Amazon, etc. Tariffs can absolutely devestate the lower classes in the US.
So, it seems that China can easily win the attrition war against the US.
that sounds reasonable.
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SpeedRun Recession Any%
Nope. Depression.
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There was an article, by Bloomberg I think (ill look for the link - its a recent one) that stated that China is so-called trade wars proof. TLDR: almost no day-to-day goods are imported from the US. The imports from the US are mainly things like cars, phones, etc. That is, tariffs will have a very small effect on the lower and middle classes in China. Compare this to the situation in the US: China is the main source for cheap items at Walmart, Amazon, etc. Tariffs can absolutely devestate the lower classes in the US.
So, it seems that China can easily win the attrition war against the US.
A loss in sales of Chinese goods in America will hurt China.
”Trade war resistant” is probably closer to reality. It’s a major disruption that’s going to hurt their economy, but they can probably adjust. China can always sell their goods to some other country.
In grand scheme, I suppose America is more dependent on China than China is on America. It’s going to be difficult for America to replace Chinese goods.
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China has been building their economy over the past 20 years so that 60-80% of the GDP is domestic. A trade war with the US will not hurt them at all.
Nope, won't even faze 'em.
https://en.wikipedia.org/wiki/List_of_the_largest_trading_partners_of_China
