this post was submitted on 08 Apr 2025
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Global News

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The president just keeps introducing more chaos.

Archived version: https://archive.is/newest/https://gizmodo.com/trump-threatens-104-tariffs-on-china-as-the-mad-king-plays-chicken-with-the-global-economy-2000585944


Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.

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[–] Brainsploosh@lemmy.world 4 points 2 weeks ago (1 children)

You talk a lot about Economic Theory considering you completely ignored one crucial detail: consumers won't buy it if the price gets high enough

not many enough would pay $99 for a phone cover), and some things will never be able to be produced cheaper (no child labor, expensive adult labor).

I seem to have mentioned this.

This could effectively become an Embargo, and it should because Fuck Chinam

If that is the case it's kind of an own goal; China is still free to trade with anyone, including US consumers that pay more. It's just the US consumers gwtting worse access to thw products they want. Closer to a self embargo, no?

It's like a much more expensive "Buy American" campaign, only it also makes the US utterly untrustworthy in any future trade deals or investments.