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

submitted 2 months ago by [email protected] to c/[email protected]

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[–] [email protected] 18 points 2 months ago (2 children)

$361 billion as of 2024. But that doesn't mean they need the US. They're still doing a lot of trade with the rest of the world. And this won't be stopping trade entirely, the US will still be importing a lot from China.

[–] [email protected] 10 points 2 months ago

This is literally what their belt and road initative is built to hedge against.

[–] [email protected] 1 points 2 months ago

They do right now, as their manufacturing is built around shipping 300 billion more to the US than they buy from the US.

If the US suddenly reduces that buying by even 20%, it's not like they can suddenly sell that elsewhere. "Elsewhere" is already buying what they want. You can't magically make new consumers appear.