President Donald Trump on Wednesday acknowledged that his tariffs could result in fewer and costlier products in the United States, saying American kids might “have two dolls instead of 30 dolls,” but he insisted China will suffer more from his trade war.
If your suffering is negligibly small and your opponent’s – critical for him, then you can demand something.
Imagine a war where all sides are losing soldiers but one side is winning.
But in the case of China I’m not sure who will suffer more in the long run.
Consumers in both countries, as it always is with tariffs.
I doubt that Chinese customers depend much on imports from the USA. They might feel the overall slowering the economy until China finds a new destination for its goods, but that’s it.
Hmm, good point. US consumers it is, then.
Well, they need work in factories which produce goods for the US customers. If no one is going to buy those goods, these people will be out of a job.
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Yes, but the USA isn’t the only market. It was convenient because of its size, but nothing irreplaceable.