this post was submitted on 08 Apr 2025
140 points (99.3% liked)

World News

1017 readers
781 users here now

Rules:

  1. Be a decent person
  2. No spam
  3. Add the byline, or write a line or two in the body about the article.

Other communities of interest:

founded 6 months ago
MODERATORS
[email protected]
[email protected]
[email protected]
140
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]
43 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 2 points 6 days ago (1 children)

Access to the largest market in the world. Its the reason everyone is still trying to get the tariffs taken off. America consumes a shit ton and people want access to that.

[โ€“] [email protected] 6 points 6 days ago* (last edited 6 days ago)

China was smart by creating their own versions of all the services the US offers.

The only reason the US is the nation that holds the most purchasing power in the world (20% of global purchasing power) is because it's a net exporter of services and much of the world respects its intellectual property.

The minute people start wiping their asses with US IP, it's game over.

Why can't there be a EU/Canadian/South American etc version of Uber, Netflix, YouTube, App stores, Visa etc? Even if the world moves away from their services just on the basis of principle, it will have an enormous impact.