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.
Comment on Trump Threatens 104% Tariffs on China as the Mad King Plays Chicken With the Global Economy
finitebanjo@lemmy.world 1 month agoYou 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
Litebit@lemmy.world 1 month ago
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.