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
Comment on Trump Threatens 104% Tariffs on China as the Mad King Plays Chicken With the Global Economy
Brainsploosh@lemmy.world 1 year ago[deleted]
finitebanjo@lemmy.world 1 year ago
Litebit@lemmy.world 1 year 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.
Brainsploosh@lemmy.world 1 year ago
[deleted]finitebanjo@lemmy.world 1 year 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 year 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.