Only for goods that the US almost exclusively sourcing from China. So quite a lot of them.
While things like textiles and simple plastics could probably be on-shored to the US in relatively short time, many more advanced products will cost a lot more.
But the tariffs seem much smaller than China deciding to stop selling refined rare earths and products from them to the US and US allies such as the EU. That is going to make the US bleed big time.
Yeah, what’s with the EU getting hit with stray bullets? They are not imposing crazy tariffs on Chinese goods, apart from EV cars which are heavily subsidized by the Chinese government
Saleh@feddit.org 2 months ago
Only for goods that the US almost exclusively sourcing from China. So quite a lot of them.
While things like textiles and simple plastics could probably be on-shored to the US in relatively short time, many more advanced products will cost a lot more.
But the tariffs seem much smaller than China deciding to stop selling refined rare earths and products from them to the US and US allies such as the EU. That is going to make the US bleed big time.
HenriVolney@sh.itjust.works 2 months ago
Yeah, what’s with the EU getting hit with stray bullets? They are not imposing crazy tariffs on Chinese goods, apart from EV cars which are heavily subsidized by the Chinese government