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

• Brainsploosh@lemmy.world ⁨6⁩ ⁨days⁩ 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

  not many enough would pay $99 for a phone cover), and some things will never be able to be produced cheaper (no child labor, expensive adult labor).

  I seem to have mentioned this.

  This could effectively become an Embargo, and it should because Fuck Chinam

  If that is the case it’s kind of an own goal; China is still free to trade with anyone, including US consumers that pay more. It’s just the US consumers gwtting worse access to thw products they want. Closer to a self embargo, no?

  It’s like a much more expensive “Buy American” campaign, only it also makes the US utterly untrustworthy in any future trade deals or investments.

  source

  • finitebanjo@lemmy.world ⁨6⁩ ⁨days⁩ 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.

    source
• Litebit@lemmy.world ⁨6⁩ ⁨days⁩ 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.

  source