this post was submitted on 07 Apr 2025
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[–] Mohamed@lemmy.ca 88 points 8 months ago* (last edited 8 months 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.

[–] MuskyMelon@lemmy.world 15 points 8 months ago* (last edited 8 months ago) (3 children)

China has been building their economy over the past 20 years so that 60-80% of the GDP is domestic. A trade war with the US will not hurt them at all.

[–] shalafi@lemmy.world -4 points 8 months ago (2 children)
[–] eatCasserole@lemmy.world 5 points 8 months ago

Per that list, the US counts for a little over 10% of China's trade, and if the previous comment is accurate, that's 10% of, at most, 40%. So, let's say ~5% of the economy in a worst-case scenario.

It's not nothing, but they could probably make it nothing in a couple of years, at the pace they've been going.

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