China is definitely suffering more from this, but they’re also willing to let thousands of people starve to death to weather a tariff war. Their only concern is long term economic damage. I’ve heard some Chinese manufacturers are setting up new factories in places like Vietnam and India. That is what President Xi cares about.
Fun fact: During Trump’s last trade war with China we saw no price increases in the US because the Chinese government was paying the tariffs for their exporters. The Chinese government was paying our taxes for us.
China is definitely suffering more from this, but they’re also willing to let thousands of people starve to death to weather a tariff war. Their only concern is long term economic damage. I’ve heard some Chinese manufacturers are setting up new factories in places like Vietnam and India. That is what President Xi cares about.
Fun fact: During Trump’s last trade war with China we saw no price increases in the US because the Chinese government was paying the tariffs for their exporters. The Chinese government was paying our taxes for us.
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