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Joined 2 years ago
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Cake day: July 9th, 2023

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  • The problems with US tariffs is that they build a wall around the USA. All the other countries still trade with each other. China can sell their goods elsewhere, and they can buy what they need elsewhere, too. It might involve some losses, but it will be far less painful for them than the US.

    Imagine what the US buys in China: many basic chemicals for the pharmaceutical and chemical industry, nails and screws for industry or building, electronic parts of all kind to build about any kind of electronics.

    If the US industry loses access to the basic, mass produced ingredients for their production, the current stock market developments will only be a small precursor before Wall Street implodes.