There is a Bloomberg opinion piece (https://archive.ph/JKT85) that stated argues 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 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.
In his skull, he can’t be wrong, nothing to admit. That’s a core narcissistic (NPD) trait. Funny seeing people accuse Trump of lying. Everything that comes out his mouth is the truth, it cannot be any other way. Presented with falsification, his brain simply backtracks and overwrites whatever needs pushed out.
My mother was the only other human I’ve ever met like that. Others I’ve known could have niggling doubts, knew they might be wrong, or at least off.
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.
Doesn’t matter for the Orangutan at the white house, we would rather trash the country than to admit he is wrong.
In his skull, he can’t be wrong, nothing to admit. That’s a core narcissistic (NPD) trait. Funny seeing people accuse Trump of lying. Everything that comes out his mouth is the truth, it cannot be any other way. Presented with falsification, his brain simply backtracks and overwrites whatever needs pushed out.
My mother was the only other human I’ve ever met like that. Others I’ve known could have niggling doubts, knew they might be wrong, or at least off.