Trump Threatens Additional 50% China Tariff Over Retaliation
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This post did not contain any content.wrote 19 days ago last edited by
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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This post did not contain any content.wrote 19 days ago last edited by
that's a great idea judging from how brilliantly the previous tariffs worked.
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Those groceries might be too expensive, too
wrote 19 days ago last edited byBeans and grains for the win I guess
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This post did not contain any content.wrote 19 days ago last edited by
"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.
wrote 19 days ago last edited byDoesn’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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This post did not contain any content.wrote 19 days ago last edited by
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.
wrote 19 days ago last edited byChina 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%
wrote 19 days ago last edited byThe 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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This post did not contain any content.wrote 19 days ago last edited by
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.
wrote 19 days ago last edited bythat sounds reasonable.
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SpeedRun Recession Any%
wrote 19 days ago last edited byNope. 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.
wrote 19 days ago last edited byA 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.
wrote 19 days ago last edited byNope, won't even faze 'em.
https://en.wikipedia.org/wiki/List_of_the_largest_trading_partners_of_China
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Doesn’t matter for the Orangutan at the white house, we would rather trash the country than to admit he is wrong.
wrote 19 days ago last edited byIn his skull, he can't be wrong, nothing to admit. That's a core narcissistic (NPD) trait. Funny seeing people accuse Trump of lying. Everything that comes out his mouth is the truth, it cannot be any other way. Presented with falsification, his brain simply backtracks and overwrites whatever needs pushed out.
My mother was the only other human I've ever met like that. Others I've known could have niggling doubts, knew they might be wrong, or at least off.
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China: All in at 100%
wrote 19 days ago last edited byWhy stop there? It can go past 100%. 120% would be a tariff of 1.2x the cost of the item.
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This post did not contain any content.wrote 19 days ago last edited by
“And then?”
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This post did not contain any content.wrote 19 days ago last edited by
So, basically, everything you buy that plugs into a wall will double in price.
Are we winning yet?
Are we great again?
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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.
wrote 19 days ago last edited byThey can, just everything people buy will cost 10x as much.
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Nope, won't even faze 'em.
https://en.wikipedia.org/wiki/List_of_the_largest_trading_partners_of_China
wrote 19 days ago last edited byChina can do without United States luxury imports like cars and iPhones for far longer than American consumers can do without coffee makers, microwaves, televisions, blenders, dishes, utensils, clothing, and literally every other consumer good in existence.
Maybe pay some attention instead of just posting a meaningless number. It's not HOW MUCH trade is done, it's WHAT is coming to and from each of the countries.
China doesn't need America's crap. America most definitely does need China's.
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wrote 19 days ago last edited by
That is why many people i know outside china are buying more china products now to counter that.