this post was submitted on 08 Apr 2025
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Trump gives China one day to end retaliations or face extra 50% tariffs (arstechnica.com)
submitted 1 week ago by [email protected] to c/[email protected]
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Tech companies' worst nightmare ahead of Donald Trump's election has already come true, as the US and China are now fully engaged in a tit-for-tat trade war, where China claims it expects to be better positioned to withstand US blows long-term.

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[โ€“] [email protected] 6 points 6 days ago (1 children)

Americans need to sell those beans as much as the Chinese need to buy them

[โ€“] [email protected] 1 points 6 days ago

I'd argue that the need to sell is greater. Not only is the product perishable, but often times farmers are leveraged at the beginning of the season and then pay off that yearly debt once the product sells. Now, the season hasn't started yet, but that doesn't mean loans haven't been taken out and money already spent. If this doesn't get wrapped up by Sep/Oct, we'll see plenty of folks/corporations literally losing the farm.