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US imposes 104% tariffs on Chinese goods effective immediately
(m.economictimes.com)
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this post was submitted on 08 Apr 2025
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Gives pick me energy and it's the newest talking point and very annoying. Total exports as a percentage is 15% that china ships to the us.
A deficit doesn't make it a bad thing. It means we are more of a consumer economy to focus on higher level of jobs.
Yes, the deficit means China has the greater risk. China pushing a tariff on the little they consume from the US means nothing, just because they buy so little.
Basic economics.