this post was submitted on 07 Apr 2025
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[–] Mohamed@lemmy.ca 88 points 2 weeks ago* (last edited 2 weeks ago) (13 children)

There is a Bloomberg opinion piece (https://archive.ph/JKT85) that ~~stated~~ argues that China is so-called trade wars proof. TLDR: almost no day-to-day goods are imported from the US. The imports from the US are mainly things like cars, phones, etc. That is, tariffs will have a very small effect on the lower and middle classes in China. Compare this to the situation in the US: China is the main source for cheap items at Walmart, Amazon, etc. Tariffs can absolutely devestate the lower classes in the US.

So, it seems that China can easily win the attrition war against the US.

[–] magic_lobster_party@fedia.io 43 points 2 weeks ago (5 children)

A loss in sales of Chinese goods in America will hurt China.

”Trade war resistant” is probably closer to reality. It’s a major disruption that’s going to hurt their economy, but they can probably adjust. China can always sell their goods to some other country.

In grand scheme, I suppose America is more dependent on China than China is on America. It’s going to be difficult for America to replace Chinese goods.

[–] Lemmyoutofhere@lemmy.ca 2 points 2 weeks ago (1 children)

They can, just everything people buy will cost 10x as much.

[–] eatCasserole@lemmy.world 1 points 2 weeks ago

As the first comment said, "absolutely devastate the lower classes in the US."

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