The US president said he will introduce the extra tariff unless China withdraws its own 34% counter-tariff on American goods.
  • @Nighed@feddit.ukEnglish
    21•9 days ago

    The idea is that China can’t live without selling stuff to the US… But it’s easier for them than it would be for the US.

    • @AwkwardBroccolli@lemmy.mlEnglish
      12•9 days ago

      There will be supply chain shocks. There is no country in the world that can absorb the entirety of Chinese production like US could. This would cause recession for China which would highly increase the chances of war in Taiwan strait.