President Donald Trump threatened to slap additional 50% import taxes on China, while readying negotiations with Japan and Israel, leaving markets struggling to grasp his intentions for his sweeping tariff plans.
China can do without United States luxury imports like cars and iPhones for far longer than American consumers can do without coffee makers, microwaves, televisions, blenders, dishes, utensils, clothing, and literally every other consumer good in existence.
Maybe pay some attention instead of just posting a meaningless number. It’s not HOW MUCH trade is done, it’s WHAT is coming to and from each of the countries.
China doesn’t need America’s crap. America most definitely does need China’s.
Per that list, the US counts for a little over 10% of China’s trade, and if the previous comment is accurate, that’s 10% of, at most, 40%. So, let’s say ~5% of the economy in a worst-case scenario.
It’s not nothing, but they could probably make it nothing in a couple of years, at the pace they’ve been going.
China has been building their economy over the past 20 years so that 60-80% of the GDP is domestic. A trade war with the US will not hurt them at all.
Nope, won’t even faze 'em. 🙄
https://en.wikipedia.org/wiki/List_of_the_largest_trading_partners_of_China
China can do without United States luxury imports like cars and iPhones for far longer than American consumers can do without coffee makers, microwaves, televisions, blenders, dishes, utensils, clothing, and literally every other consumer good in existence.
Maybe pay some attention instead of just posting a meaningless number. It’s not HOW MUCH trade is done, it’s WHAT is coming to and from each of the countries.
China doesn’t need America’s crap. America most definitely does need China’s.
Correct me if I’m wrong but aren’t iPhones actually manufactured in China? So the US customers would pay the price, not the Chinese user base
Per that list, the US counts for a little over 10% of China’s trade, and if the previous comment is accurate, that’s 10% of, at most, 40%. So, let’s say ~5% of the economy in a worst-case scenario.
It’s not nothing, but they could probably make it nothing in a couple of years, at the pace they’ve been going.