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They will. They buy $130B of US goods but sell over $500B. With all the huffing and puffing, they have much less maneuvering room in raising tariffs on US goods because they aren't buying much.
Here, better than I can say,
"China imported $129.89 billion of U.S. goods last year, compared with U.S. purchases of $505.47 billion of Chinese products, according to U.S. data. The figures differ from those provided by Chinese customs, which showed China imported $153.9 billion of U.S. goods and the U.S. purchased $429.8 billion of Chinese products.
Either way, even if Trump goes on to impose tariffs on $300 billion or even $400 billion of Chinese goods, Beijing could only levy duties on a total of $100-plus billion of U.S. products."
The US also exports 3 times as much services to China than the other way around. Services are conveniently ignored in this debate, but its more and more important. Tourism in particular employs a lot of people.
Nevertheless, both the US and China are not trade dependent countries, like smaller countries. Trade as a share of China's GDP has declined alot.
US market has now wiped out the entire year's gain on Trump's incompetence. Geez, if you can't get a stock bump on a trillion dollar giveaway to corporate America, how bad are you?
US semi-conductor companies derive over half of their revenues from sales to China. These are some of the best paying jobs in the US on the line in Trump's war on trade.
US semi-conductor companies derive over half of their revenues from sales to China. These are some of the best paying jobs in the US on the line in Trump's war on trade.
And many of them are in California. And you call Trump incompetent, lol
Dow is down 360+ points. 1.5% Yep. No impact here. Nothing to see, move along, everything is fine...
1.5% and the sky is falling? Were you feeding yourself in 2008 or was it mommy?
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