There is a Bloomberg opinion piece (https://archive.ph/JKT85) that
statedargues that China is so-called trade wars proof. TLDR: almost no day-to-day goods are imported from the US. The imports from the US are mainly things like cars, phones, etc. That is, tariffs will have a very small effect on the lower and middle classes in China. Compare this to the situation in the US: China is the main source for cheap items at Walmart, Amazon, etc. Tariffs can absolutely devestate the lower classes in the US.So, it seems that China can easily win the attrition war against the US.
China has been building their economy over the past 20 years so that 60-80% of the GDP is domestic. A trade war with the US will not hurt them at all.
Nope, won’t even faze 'em. 🙄
https://en.wikipedia.org/wiki/List_of_the_largest_trading_partners_of_China
China can do without United States luxury imports like cars and iPhones for far longer than American consumers can do without coffee makers, microwaves, televisions, blenders, dishes, utensils, clothing, and literally every other consumer good in existence.
Maybe pay some attention instead of just posting a meaningless number. It’s not HOW MUCH trade is done, it’s WHAT is coming to and from each of the countries.
China doesn’t need America’s crap. America most definitely does need China’s.
Per that list, the US counts for a little over 10% of China’s trade, and if the previous comment is accurate, that’s 10% of, at most, 40%. So, let’s say ~5% of the economy in a worst-case scenario.
It’s not nothing, but they could probably make it nothing in a couple of years, at the pace they’ve been going.
China should just retaliate tit for tat. Let’s just get this over with and get the full experience of what Trump has planned for this country.
SpeedRun Recession Any%
The sooner your economy crashes, the sooner the people revolt. Just telling them how bad things are getting/going to get doesn’t seem to be enough.
This is why I fully support all of the boycott movements that are popping up around the rest of the world. Apparently our citizenry needs a few dozen full-windup kicks to the balls to get the fucking message that oligarchy and fascism are bad.
Nope. Depression.
🌅🍄☁️
That’s 104%, across the board, if they don’t completely capitulate by tomorrow. Instituted and affirmed by Republicans.
What a timeline we’re in. Imagine if you told this to someone in 2000, watching them try to imagine how the world possibly could have gotten there. You just tell them “Yeah, you know the internet? And this guy named Mark Zuckerberg in school? You should really do something about that…”
Lmao, do it pussy.
China doesn’t give a fuck, but your citizens certainly do.
No, only the ones without red hats care… The red hats keep saying “it’s just temporary”.
It’s full on Idiocracy over here right now.
“Nooo, I said don’t fight back! Not fair!”
lol, Trump sounds like putin.
…I guess I’ll just buy groceries and like nothing else for a few years huh
China: All in at 100%
Do it you coward.
There’s no way in hell the US can afford such measures.
Maybe this will at least get people to stop buying maga hats and flags now.
