The problem is that China can live very easily without American goods, while the opposite isn’t true. They already called his bluff even before inauguration, good luck continuing bluffing.
Now I understand how he managed to bankrupt a casino
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.
Yes, but the other countries that buy from elsewhere will want their normal amounts too.
Can other food producers increase their production while the US spirals down? Nobody really knows, we are in shock due to both global warming and the war in Ukraine. And the US is a really major food exporter.
Can people make do with less food? Probably, but it’s not trivial.
Anyway, China’s tariffs are completely self-imposed. They can cut them at any time.
What I mean is that this could totally end with China going “fuck this, we subsidize food for our citizens” and Africa starving yet again.
Or, hopefully, food prices rising in the developed world while the only place the US would be able to sell being Africa, below normal prices, like it happened with Russia and India and oil. But then I’m expecting too much from the world.
The problem is that China can live very easily without American goods, while the opposite isn’t true. They already called his bluff even before inauguration, good luck continuing bluffing.
Now I understand how he managed to bankrupt a casino
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.
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.
I hate this timeline
A lot of it is food. They probably can, but it will not be not easy at all.
Can that food be imported from elsewhere?
Yes, but the other countries that buy from elsewhere will want their normal amounts too.
Can other food producers increase their production while the US spirals down? Nobody really knows, we are in shock due to both global warming and the war in Ukraine. And the US is a really major food exporter.
Can people make do with less food? Probably, but it’s not trivial.
Anyway, China’s tariffs are completely self-imposed. They can cut them at any time.
What I mean is that this could totally end with China going “fuck this, we subsidize food for our citizens” and Africa starving yet again.
Or, hopefully, food prices rising in the developed world while the only place the US would be able to sell being Africa, below normal prices, like it happened with Russia and India and oil. But then I’m expecting too much from the world.