Donald Trump threatens new 50% tariffs on China
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Just block trade and get it over with.
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The problem is that China can live very easily without American goods, while the opposite isn't true. They already called his bluff even before inauguration, good luck continuing bluffing.
Now I understand how he managed to bankrupt a casino
The idea is that China can't live without selling stuff to the US..... But it's easier for them than it would be for the US.
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I think there's some things in place but there's still a lot of reliance on American systems which is a bit risky. If Trump decides to start tariffing anything to do with Visa or Mastercard shit would hit the fan real quick.
On the other hand that is just money, at least there is no real vendor-lock-in there yet, though I am sort of surprised the concept of different currencies per payment company hasn't occurred to them yet outside of gaming.
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Who wants to bet that the idea of retaliatory tariffs wasn't gamed out beforehand and they have no strategy?
It seems like if you want a trade war with China, you'd want partners to help you apply pressure and replace Chinese goods you can't do without. Maybe somewhere like Vietnam for cheap labor; Canada for rare-earth minerals; and the EU to buy expensive American goods and services. Oh no.
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The idea is that China can't live without selling stuff to the US..... But it's easier for them than it would be for the US.
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This post did not contain any content.
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The problem is that China can live very easily without American goods, while the opposite isn't true. They already called his bluff even before inauguration, good luck continuing bluffing.
Now I understand how he managed to bankrupt a casino
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If only that shooter had better aim.
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The problem is that China can live very easily without American goods
A lot of it is food. They probably can, but it will not be not easy at all.
Can that food be imported from elsewhere?
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If tariffs aren't solving all your problems, you're just not using enough of them.
/s
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Can that food be imported from elsewhere?
Yes, but the other countries that buy from elsewhere will want their normal amounts too.
Can other food producers increase their production while the US spirals down? Nobody really knows, we are in shock due to both global warming and the war in Ukraine. And the US is a really major food exporter.
Can people make do with less food? Probably, but it's not trivial.
Anyway, China's tariffs are completely self-imposed. They can cut them at any time.
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If only that shooter had better aim.
Unfortunately it would have martyred him and all of his supporters would never have realized how much of a buffoon he really is. A lot of them still don't understand now but they will more and more as they feel it with continued inflation and their financial situation dwindling.
If only the Democrats ran a candidate that was not dogshit time and time again. It was never a surprise that candidates like Harris and Clinton did not do especially well against Trump in polls.
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There will be supply chain shocks. There is no country in the world that can absorb the entirety of Chinese production like US could. This would cause recession for China which would highly increase the chances of war in Taiwan strait.
I hate this timeline
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How to kill the world economy in 3 easy steps...
Step 1: Populism
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Whelp there goes Walmart and dollar general
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Whelp there goes Walmart and dollar general
Frankly, good riddance.
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Unfortunately it would have martyred him and all of his supporters would never have realized how much of a buffoon he really is. A lot of them still don't understand now but they will more and more as they feel it with continued inflation and their financial situation dwindling.
If only the Democrats ran a candidate that was not dogshit time and time again. It was never a surprise that candidates like Harris and Clinton did not do especially well against Trump in polls.
It wouldnโt matter because heโd be dead. He is destroying America and is trying to take the rest of the world down with him.
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Unfortunately it would have martyred him and all of his supporters would never have realized how much of a buffoon he really is. A lot of them still don't understand now but they will more and more as they feel it with continued inflation and their financial situation dwindling.
If only the Democrats ran a candidate that was not dogshit time and time again. It was never a surprise that candidates like Harris and Clinton did not do especially well against Trump in polls.
He's definitely taking all the steam out of the european MAGA-like right wing parties, it's beautiful to see. That would have never happen if he was martyred.
Our local Trump wanna-be went to the inauguration without an invitation only to take some pictures with american flags and show how much he supported (and was supposedly supported by) Trump; Nowadays he basically acts as if what's going on in the US is pure craziness and he would never, and he hardly even knows Trump anyway. His polling goes down each time Trump comes up with more stupid shit.
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Yes, but the other countries that buy from elsewhere will want their normal amounts too.
Can other food producers increase their production while the US spirals down? Nobody really knows, we are in shock due to both global warming and the war in Ukraine. And the US is a really major food exporter.
Can people make do with less food? Probably, but it's not trivial.
Anyway, China's tariffs are completely self-imposed. They can cut them at any time.
What I mean is that this could totally end with China going "fuck this, we subsidize food for our citizens" and Africa starving yet again.
Or, hopefully, food prices rising in the developed world while the only place the US would be able to sell being Africa, below normal prices, like it happened with Russia and India and oil. But then I'm expecting too much from the world.
