If anyone is surprised at the 10% tariffs announced today on China, you weren’t paying attention. China has been referring to the trade war as their long march. They will not make a deal. They will wait it out. If it causes their economy to go into a depression they don’t care.
China in other words is retreating. They will lose their economy instead of suing for peace. They will regroup; try to out wait Trump. If Trump wins re-election, maybe a deal could be made but I doubt it. They will go a different direction seek other economies to trade with.
and in 2 or 6 or 10 years come back to try again to win the global economic war. So expect the tariffs to go to at least 25% because Trump isn’t caving either.
china couldn’t deal coz they would have opened the door for the bully child Trump to come back for more…and they know the bully will soon get bored to go look for a weaker child whose marbles they can take (Iran)…
Chinese are monitoring the upcoming elections with great interest, considering they already own the Democratic party and their best bet would be Biden.
Trump ain’t no joke too on Negotiations. He played Canada like a squirrel against china.
Trump has said again and again to the US multinationals , we are at war, you either join us or perish. Most have moved their operations to US, Mexico and East Asian Countries like Vietnam, Bangladesh etc.
The effects in America - where voters can react - are already being felt. China has no such short-term political consequences. Wakae Ngumu Msito Drumpf ajinyonge with his extremely shallow view of world diplomacy, geography and economics.
It takes time to reach an equilibrium. Currently, the additional costs are absorbed by businesses in the hope that the situation will change. At some point they will have to pass these costs to the consumer.
Tarrifs may have short term consequences but the long term ramifications to the Us citizens has never been unprecedented. For once they have a leader who will fight for them to the core till his last breath. That my friend is phenomenal. The economy is booming , record unemployment levels.
The EU and Chinese are the worst currency manipulators in record history and that is the killer punch trump is on the verge of implementing soon enough…