254
submitted 4 months ago by mc900ftJesus@lemy.lol to c/world@quokk.au
you are viewing a single comment's thread
view the rest of the comments
[-] Onomatopoeia@lemmy.cafe 0 points 4 months ago

Sure. But they sell a huge amount to the US. And this is about a trade deficit between US and China. This one hurt the US like it will China - US can buy similar goods elsewhere, while the rest of the world can't compensate for the loss of sales to the US - they're already purchasing what they need.

I mean this is basic economics, and you all act like China can magically come up with new customers.

The current effective tariff on Chinese goods is 104%, and that doesn't include the tariffs on countries through which China ships. Those tariffs put Xi in a no-win situation. He can't even afford the 34% Tariff for any length of time, because of the massive overproduction going on. They have manufacturing going to meet demand 6 months from now, to compensate for distribution time. All that stuff will now sit in China, where they don't have storage capacity for it.

this post was submitted on 08 Apr 2025
254 points (99.6% liked)

World News

468 readers
520 users here now

Please help and contribute as we vote on rules:
https://quokk.au/post/21590

Other Great Communities:

Rules

Be excellent to each other

founded 10 months ago
MODERATORS