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US imposes 104% tariffs on Chinese goods effective immediately (m.economictimes.com)

submitted 10 months ago by mc900ftJesus@lemy.lol to c/world@quokk.au

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[–] Oisteink@feddit.nl 11 points 10 months ago (1 children)

There are far more consumers than producers.

So another way to say it is: US consumers are highly reliant on Chinese producers with few other options. Chinese producers are somewhat reliant on US consumers, but there are options all around the globe.

[–] Onomatopoeia@lemmy.cafe 1 points 10 months ago (1 children)

Really? Let's see China suddenly ship the next 6 months of produced stuff somewhere else and sell it (because they've been making it to allow for shipping time). They're producing 2025 Xmas stuff now.

Who's got 500 billion of extra purchasing power right now? (The 200 billion deficit plus current US purchasing)?

Remember, China has hundreds of massive container ships just waiting to dock. Are they going to spend millions on fuel to now send those ships elsewhere?

Ya all crack me up that you actually believe China has any leverage in this conflict. We haven't even touched on Xi having no ability to back down.

[–] Oisteink@feddit.nl 1 points 10 months ago

So where will the us get their stuff from?Does somebody else have hundreds of massive container ships ready?