this post was submitted on 08 Apr 2025
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US imposes 104% tariffs on Chinese goods effective immediately (m.economictimes.com)
submitted 5 days ago by [email protected] to c/[email protected]
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[โ€“] [email protected] 9 points 5 days ago (1 children)

I imagine China can not only win this but come out with the worlds reserve currency.

[โ€“] [email protected] 5 points 5 days ago* (last edited 5 days ago)

I disagree on that. The Euro is the second most widely held currency and is a more obvious choice. Working constructively with China is economic reality. Submitting to them is unnecessary. This isn't post-WW2. I don't think we need a single reserve currency.

There is no doubt China is going to benefit greatly. A huge number of developing countries have been deserted by the US that first walked away from soft power through US Aid then penalised the poorest countries with outrageous tariffs. China has been by far the smarter player.