By seeking to “liberate” Germans from a globalized world order, the Nazi government sent the national economy careening backwards—and drove up the price of eggs 600 percent.
Does the U.S. make anything of value as an export compared to what we import from other countries? Almost everything today has a microchip inside it (except food…I hope) and I’m pretty sure we import most of the microchips we use in stuff. I think the trade war is going to make our economy MUCH worse pretty quick because we are in an even more global economy than we were when Hitler was in power.
Are you asking this genuinely? Yes, we do. We are a net exporter of refined petroleum products, we export low sulfur coke for steel production. We export agricultural products, particularly soy beans. We export advanced robotics and pharmaceuticals. I think, granted this is from 15 years ago, but we also export a significant amount of vehicles.
Americans will still keep buying from china, they will just be paying higher tax to Trump.
China imports inside US have a high enough profit margin and are cheap enough that it probably won’t matter to importer to most consumers. A $1 dollar hook being sold for $2.4 dollar won’t matter to most people who are paying thousands for their iphones.
Some China stuff will probably get rerouted through lower tariff countries (for “assembly”) to enjoy even more profits inside US while still raising prices anyway and blaming Woke Trump Tariffs for it.
Manufacturing won’t go back to US soon (if it ever goes back, takes years to build the factories and train the people) so it leaves American no choice but to buy from outside US.
I think consumers might just buy directly from China sites to reduce their cost further instead of buying from a American, middle man importer or those who rebrand china stuff.
I also think some American importers may reduce cost by getting rid of American staff in US either because they think they will sell less or just to raise profit by reducing cost.
Does the U.S. make anything of value as an export compared to what we import from other countries? Almost everything today has a microchip inside it (except food…I hope) and I’m pretty sure we import most of the microchips we use in stuff. I think the trade war is going to make our economy MUCH worse pretty quick because we are in an even more global economy than we were when Hitler was in power.
Are you asking this genuinely? Yes, we do. We are a net exporter of refined petroleum products, we export low sulfur coke for steel production. We export agricultural products, particularly soy beans. We export advanced robotics and pharmaceuticals. I think, granted this is from 15 years ago, but we also export a significant amount of vehicles.
We export a lot of soybeans. Trump will be giving farmers lots of subsidies to pay them back for the counter tariffs (again).
Generally speaking tariffs are harder on the nation that is exporting. China will be hit harder as they struggle to find other buyers.
Americans will still keep buying from china, they will just be paying higher tax to Trump.
China imports inside US have a high enough profit margin and are cheap enough that it probably won’t matter to importer to most consumers. A $1 dollar hook being sold for $2.4 dollar won’t matter to most people who are paying thousands for their iphones.
Some China stuff will probably get rerouted through lower tariff countries (for “assembly”) to enjoy even more profits inside US while still raising prices anyway and blaming Woke Trump Tariffs for it.
Manufacturing won’t go back to US soon (if it ever goes back, takes years to build the factories and train the people) so it leaves American no choice but to buy from outside US.
I think consumers might just buy directly from China sites to reduce their cost further instead of buying from a American, middle man importer or those who rebrand china stuff.
I also think some American importers may reduce cost by getting rid of American staff in US either because they think they will sell less or just to raise profit by reducing cost.