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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] 19 points 2 months ago* (last edited 2 months ago) (1 children)

Gives pick me energy and it's the newest talking point and very annoying. Total exports as a percentage is 15% that china ships to the us.

A deficit doesn't make it a bad thing. It means we are more of a consumer economy to focus on higher level of jobs.

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

Yes, the deficit means China has the greater risk. China pushing a tariff on the little they consume from the US means nothing, just because they buy so little.

Basic economics.