The problem is that the US and China are the two largest economies in the world. Everyone else kind of orbits around them. Conflict between them will have a lot of collateral damage.
Comment on Trump Threatens 104% Tariffs on China as the Mad King Plays Chicken With the Global Economy
finitebanjo@lemmy.world 1 month ago
TBH idgaf about USA tariffs on China specifically.
It doesn’t help either country but fuck China, so yeah.
NaibofTabr@infosec.pub 1 month ago
finitebanjo@lemmy.world 1 month ago
Yeah, thats fair, but China allowed free reign with no consequences for all their modern atrocities and hostile actions including US election interference would also give the world collateral damage.
avidamoeba@lemmy.ca 1 month ago
Lately the US has been working overtime to destroy its own China-bad propaganda and our good will to go along with it. We’re probably gonna go with “fuck the US” this time around.
finitebanjo@lemmy.world 1 month ago
It’s shorter to just call China-bad propoganda as “journalism.”
Litebit@lemmy.world 1 month ago
China sales to US will remain the same as there is no alternatives. This was just a way for trump to tax American but make it look like other countries are being harmed. In fact many companies in china and other countries are making record sales to US due to stockpiling. happening in US.
In truth, Trump Threatens 104% GST tax (tariffs) increase on American for buying imports from China. China is not paying the tax, americans are.
finitebanjo@lemmy.world 1 month ago
You’re arguing against statements I haven’t even made lmao
Bo7a@lemmy.ca 1 month ago
You have a hard time tying your shoes while thinking about something else, don’t you?
Brainsploosh@lemmy.world 1 month ago
Litebit@lemmy.world 1 month ago
that is why I think this tariff thing is not an attack on other countries but just a way for trump to collect more tax from americans, since they have no choice but to buy from china.
finitebanjo@lemmy.world 1 month ago
You talk a lot about Economic Theory considering you completely ignored one crucial detail: consumers won’t buy it if the price gets high enough. This could effectively become an Embargo, and it should because Fuck Chinam
Brainsploosh@lemmy.world 1 month ago
finitebanjo@lemmy.world 1 month ago
If the USA embargoes have no effect as you claim then certainly a lot of hooting and hollering over the last century about the exact topic seems pointless in hindsight.
Litebit@lemmy.world 1 month ago
Consumer will still buy it if it is essential/critical. If it gets high enough they will travel out of chine to buy it. Example people travel overseas for medical treatment/surgery. Because even after including ticket price and hotel stay it is still cheaper overseas than in US.