In a decade, due to underinvestment, poor investment and depopulation, the USA will need to import 30% more than it does today. They will be begging the global majority for supplies, but no one will want dollars.
@FattymcstattyMcormick-pv6pj Says:
China is addicted to that fake American money.
@ubermenschen3636 Says:
Tariff is a special tax that is added to the final price of a product. Who pays the tax? The consumer. The manufacturer will pass the tax to the consumer in the form of a bigger price tag. The U.S. government is insolvent and needs more tax money . USA has convinced stupid Americans that the tariff against Chinese EV and battery is to punish China, the conveniently created new boogie man.
@leecheong4986 Says:
The tariff will harm USA not China. Look at the past record and you will see why. This time it will be worse as it comes with dedollarasition. Its going to be a double whammy.
The last time Obama slapped a 250% tariff on China solar panels, China return the favour with a 50% tariff on solar cells import from USA. The rest is history. China solar panel went on to corner 80% of the world's market and American solar cells dropped from 50% market share to today's less than 5%. All these could have been avoided if status quo then were maintained.
Look at semiconductor. The Americans practically ban advanced chip to China and then beg China to buy from Micron. They will soon beg China to buy from Qualcomm, Intel, Nvidia, AMD, etc. In fact they have seen the writing on the wall by slapping a 50% tariff on Chinese semiconductor.
It's just too vindictive. USA is a very bitter country. You will never do anything right with a bitter mind. Everything will backfire.
@burtbak-jv9go Says:
bidens not running the usa its the neocon warmongers biden is being used as a mouthpiece who cannot remember what he has done from one day to the next
@ukchatman4920 Says:
Tariffs are on China, other ASEAN countries will benefit as their products will be competitive in the US market. Also India will greatly benefit.... these countries can now complete against China in the US market as its fair and balanced
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