Comment on Trump Threatens 104% Tariffs on China as the Mad King Plays Chicken With the Global Economy
BrikoX@lemmy.zip 2 months agoChina is geting economically hit in the short term, but the amount of soft power they were gifted by this administation is something they have dreamed for decades upon decades.
coyootje@lemmy.world 2 months ago
And it’s knly getting hit in regards to US trade. They also trade a lot with other nations, Europeans also know their way to buying all the Teemu, Shein and Ali express slop.
truthfultemporarily@feddit.org 2 months ago
Not just that. Try manufacturing anything without Chinese parts… They make everything switched, resistors, motors, just everything.
ICastFist@programming.dev 2 months ago
Apple will get fucked real hard, since pretty much all their iphones are manufactured in China
hitmyspot@aussie.zone 2 months ago
Yes, but they sell them worldwide. So, if they move manufacturing, then they have the same problem in reverse. If they have multiple manufacturing bases worldwide, not only are they less efficient as the companies/cointries aren’t competing on price, but they lose efficiency of scale. So even if they did what trump purports to want, it’s less efficient, and inflationary.
On the flip side, the fact that many expect he’ll eventually capitulate when there is enough pressure, or it will end in 4 years, means nobody, including Apple is going to invest in American factories. It’s just a risk with minimal benefit. So lose/lose. He’s an imbecile.