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Trump threat: Tariffs on China, Canada and Mexico; China says 'No-one will win a trade war' (www.reuters.com)

submitted 8 months ago by MashedHobbits@lemy.lol to c/world@quokk.au

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[–] PennyRoyal@sh.itjust.works 11 points 8 months ago* (last edited 8 months ago) (1 children)

It sounds like the effect will essentially be to leave everyone else trading at a normal rate, while the US economy is shut inside a bubble of tariffs and religious authoritarianism. I can’t quite work out who they’ll be trading with at this rate!

[–] JackbyDev@programming.dev 7 points 8 months ago

Easy, they're gonna ship to other countries and we'll buy from there. The tariff will be avoided. Prices will be not quite as high, and that extra money will go to another country instead of the government. Woooo, worst of both options!