Last year, the United States imported $438.9 billion worth of Chinese goods, according to the office of the U.S. Trade Representative. China was the United States’ third biggest source of imported goods after the European Union and Mexico.
I’m guessing most of that is electronics? I feel like China is the biggest though for that reason alone. Things are about to get insanely expensive here.
Everyone hop in, we’re going back to 1950!
More like 1930.
The 1850s
How do the tarrifs actually work? Are they applied on all shipments from China or on any Chinese product shipped from anywhere?
Country of origin.
So basically Chinese companies could ship prosucts in parts to neighbouring countries for assembly and they’d be sellable in the USA?
Right! You see, this will increase global manufacturing’s need for oil for all that extra shipping, thus raising the price of oil, so US oil makes us all* rich!
- “All” meaning all the people already rich from making/selling oil including, and mostly, non-American countries/oil barons. The average person will almost certainly see their overall wealth decrease greatly.
Nobody said tariffs were efficient.
God I hate these fucking titles
