#Tariffs #ForeignTrade
Something #DiaperDon doesn't understand is that economically the #US needs #China. #China does NOT need the US or at least not as much.
If these countries maintain their tariffs against each other, China will find other markets for its goods. The US probably will not, especially not all of the cheap goods currently made in China.
Will US consumers pay 145% or more to buy what they're buying now that's made in China & will Chinese consumers pay 125% or more for US goods? 🤔
It's unlikely & this will entirely "decouple" the US & Chinese economies which will will have dire consequences mostly for "US." 😳
He even still said in a recent press conference that China is paying for the tariffs placed on goods imported into the US. What an idiot!!! 🤦♂️