Bessent today: China must de-escalate trade war first because we buy 5 times more than they do. (www.cnbc.com)

submitted 1 month ago by humanspiral@lemmy.ca to c/economics@lemmy.ml

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US exports are 2% of China GDP. It is likely to have higher GDP growth than US this year, while the US has shortages of things it cannot quickly replace. LNG, agriculture, aeroplances are easy to replace for China. Humiliating US has more value, than figuring out what they can boost 2% of GDP on.

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[-] HiddenLayer555@lemmy.ml 13 points 1 month ago* (last edited 1 month ago)

The grocery store down the street must de-escalate trade war first because I buy everything from them but they have never bought anything from me, so I buy infinitely more times than they do.

[-] humanspiral@lemmy.ca 4 points 1 month ago

Makes no sense you haven't set them on fire yet. So unfair.

this post was submitted on 28 Apr 2025

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