Trump says US kids may get '2 dolls instead of 30,' but China will suffer more in a trade war
apnews.com
President Donald Trump is acknowledging that his tariffs could result in fewer and costlier products in the United States.

President Donald Trump on Wednesday acknowledged that his tariffs could result in fewer and costlier products in the United States, saying American kids might “have two dolls instead of 30 dolls,” but he insisted China will suffer more from his trade war.

  • Viking_Hippie@lemmy.dbzer0.com
    61·
    3 months ago

    But in the case of China I’m not sure who will suffer more in the long run.

    Consumers in both countries, as it always is with tariffs.

    • Lembot_0002@lemm.ee
      8·
      3 months ago

      I doubt that Chinese customers depend much on imports from the USA. They might feel the overall slowering the economy until China finds a new destination for its goods, but that’s it.

        • Lembot_0002@lemm.ee
          7·
          3 months ago

          until China finds a new destination for its goods

          Yes, but the USA isn’t the only market. It was convenient because of its size, but nothing irreplaceable.

            • Lembot_0002@lemm.ee
              3·
              3 months ago

              And? Some will move, others – won’t. Moving industry is a huge deal. It isn’t easy. And most companies understand that the problem is not China but Trump. Today Americans are required to pay additional taxes for Chinese stuff, tomorrow they will pay for Indian stuff.

              Maybe you have some real numbers to analyze?