Maybe this will at least get people to stop buying maga hats and flags now.
Do it you coward.
There is a Bloomberg opinion piece (https://archive.ph/JKT85) that
statedargues 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.
That is why many people i know outside china are buying more china products now to counter that.
Americans will still buy, actually. the people who will be affected are those Americans who buy from china cheaply and rebrand and re sell them with a huge markup. it limits their ability to mark up much.
…aka, most small businesses
I’m a self-employed tradesperson, I talk to a lot of people and try to get a general feel for how other small businesses keep afloat, even if I have basically no overhead. I don’t have an MBA or anything but I can tell you everyone’s out here keeping costs as low as they possibly can, and how do you do that? Buying cheap shit whenever possible.
That shit don’t come from the factories down the road, yall. The ones that still exist and are staffed by 25% the people they used to? Those are not the ones manufacturing cheap plastic shit sold in bulk.
Not unless they’re selling it to other factories, like a certain plastics plant I’ve actually worked at. Which is German-owned.
Ain’t nobody making cheap direct-to-consumer goods this side the meridian
They can, just everything people buy will cost 10x as much.
As the first comment said, “absolutely devastate the lower classes in 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.
Nope, won’t even faze 'em. 🙄
https://en.wikipedia.org/wiki/List_of_the_largest_trading_partners_of_China
Per that list, the US counts for a little over 10% of China’s trade, and if the previous comment is accurate, that’s 10% of, at most, 40%. So, let’s say ~5% of the economy in a worst-case scenario.
It’s not nothing, but they could probably make it nothing in a couple of years, at the pace they’ve been going.
China 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.
Doesn’t matter for the Orangutan at the white house, we would rather trash the country than to admit he is wrong.
In 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.
that sounds reasonable.
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%
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.
This is why I fully support all of the boycott movements that are popping up around the rest of the world. Apparently our citizenry needs a few dozen full-windup kicks to the balls to get the fucking message that oligarchy and fascism are bad.
Nope. Depression.
🌅🍄☁️
Lmao, do it pussy.
China doesn’t give a fuck, but your citizens certainly do.
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, watching them try to imagine how the world possibly could have gotten there. You just tell them “Yeah, you know the internet? And this guy named Mark Zuckerberg in school? You should really do something about that…”
“Nooo, I said don’t fight back! Not fair!”
lol, Trump sounds like putin.
China: All in at 100%
Why stop there? It can go past 100%. 120% would be a tariff of 1.2x the cost of the item.
…I guess I’ll just buy groceries and like nothing else for a few years huh
Those groceries might be too expensive, too
Beans and grains for the win I guess
Oops farmers don’t have anyone to run harvest equipment anymore because they’re all hiding from ICE.
So, basically, everything you buy that plugs into a wall will double in price.
Are we winning yet?
Are we great again?
that’s a great idea judging from how brilliantly the previous tariffs worked.
There’s no way in hell the US can afford such measures.
“And then?”
