Comment on Trump Threatens 104% Tariffs on China as the Mad King Plays Chicken With the Global Economy

• Litebit@lemmy.world ⁨2⁩ ⁨months⁩ 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.

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• finitebanjo@lemmy.world ⁨2⁩ ⁨months⁩ 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

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  • Brainsploosh@lemmy.world ⁨2⁩ ⁨months⁩ ago

    [deleted]

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    • finitebanjo@lemmy.world ⁨2⁩ ⁨months⁩ 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.

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  • Litebit@lemmy.world ⁨2⁩ ⁨months⁩ 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.

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