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The president just keeps introducing more chaos.
Archived version: https://archive.is/newest/https://gizmodo.com/trump-threatens-104-tariffs-on-china-as-the-mad-king-plays-chicken-with-the-global-economy-2000585944
Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.
It fucks America a lot more than it fucks China.
Yes. The US is the largest global consumer.
Basically the US says to China “we’re not buying your stuff anymore!” and China is like “Ok, I guess we’ll sell it to someone else. Best of luck to you. Don’t let the door hit you in the butt on your way out.”
China is still selling to US, they don’t care since they are not the ones paying the tax. In reality what is happening is Trump Threatens 104% “GST” tax (tariffs) increase on American for buying imports from China. China is not paying the tax, americans are.
This tariff thing was just a way for trump to tax americans more while making it look like he is not, most people see tariff on china thinking it is china being attacked. lol. It is actually tax on Americans, the money collected from tariffs is tax paid on goods by Americans.
Good. The entire reason US is in this situation is because it has forgotten the last time it got fucked.
They’re probably a magat so they’re probably fine with that as long as China is also getting fucked cos that’s their fucked up logic
Yeah the OP commenter on this thread regularly has bad takes from my relatively short time here
I think at some point we can all agree demand will fall proportional to the tariff, effectively an embargo.
No, it is not effectively an embargo. The reason American economic punishments work is because they impose penalties on countries and companies that do trade with embargo/sanction targets, so even though it’s only America attacking these countries Chinese, European and other firms avoid trade due to the threat of secondary penalties. Tariffs only work on American soil, so they have none of these secondary effects and the result will be that China will simply sell their stuff to someone else. To repeat, American embargoes work because they also prevent the target from simply doing business with someone else.
Embargo means no more trade. Extreme high price means no more demands means no more trade. Effectively, at some point it becomes an embargo.
Yes, China can sell elsewhere. That is also the case with a US Embargo. Idk why people are so dead set on not mincing this word.
No, increased prices never “effectively” become an embargo. An embargo is no sales full stop. Selling a single Polo mint for $500000000000000000 is still not an embargo.
That’s like saying 1.999999999999999999999999999999999999999999999999999999999 is not the same as 2.
in fact at that price it become a status symbol, the manufacturer just need to make 1 sale. Or people will just travel to mexico to buy it cheap.
It’s not. Look up the US embargo on Cuba.
Not only did Cuba trade with other nations, but they managed to get Nuclear Missiles shipped in from Russia.
China will still sell to America, the demand will still be there. Americans will just pay the higher “GST” (tariff) tax on the products.