• LifeInMultipleChoice@lemmy.world
    link
    fedilink
    arrow-up
    2
    arrow-down
    1
    ·
    10 hours ago

    China likely to reciprocate against the tariffs, why? They only hurt us, and help them. Placing Tariffs in the other direction makes their prices rise in their country, that doesn’t help them. They keep more industries by keeping prices low

    • hyperreal@lemmy.world
      link
      fedilink
      arrow-up
      2
      ·
      2 hours ago

      It does help them if they think retaliation will pressure the initial levier (the U.S.) to scale back their tariff schedule. It hasn’t worked out like that but that’s the theory. Also, China isn’t as subject to popular pressure as western democracies. Yes, I agree with you, trade wars are wasteful, harmful, and just a bad idea overall.

    • Flying Squid@lemmy.world
      link
      fedilink
      arrow-up
      10
      arrow-down
      1
      ·
      9 hours ago

      It hurts them because imports will fall and that’s how they make money.

      It will just hurt Americans far more.

      • LifeInMultipleChoice@lemmy.world
        link
        fedilink
        arrow-up
        2
        arrow-down
        1
        ·
        9 hours ago

        I suppose if the product in unnecessary, that would make sense. Required imports would stay selling at same prices until manufacturing plants elsewhere could be built for cheap enough to not just pay the tariffs. : /

        Nothing except market manipulation

      • LifeInMultipleChoice@lemmy.world
        link
        fedilink
        arrow-up
        1
        ·
        8 hours ago

        Someone used to tell me one of the largest exports of Panama City Beach when I lived there was mulch. They would ship it to China for fuel apparently. Never would have thought about a smaller town shipping trees half a world away… Talk about inefficient.