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Walmart just leveled with Americans: China won’t be paying for Trump’s tariffs
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11-28-2024, 11:16 AM
(This post was last modified: 11-28-2024, 11:18 AM by Jag149. Edited 1 time in total.)
(11-28-2024, 10:56 AM)The Real Marty Wrote: Anyway, China is not paying for Trump's tariffs, except in lost business. American consumers and businesses will pay for Trump's tariffs, in the form of increased costs. Interesting thing is the vast majority of companies are already limiting their China exposure. Those with high exposure to the Chinese market have taken quite a beating in the stock market. They are moving fast to places like Vietnam, Thailand, Indonesia and the like. The New "in" place to be is India. A population almost equal to China that is growing unlike China whose one child policy has run it's course resulting in a declining population. They are quietly modifying this policy now. Unlike in China in these other countries companies do not have to worry as much about theft of intellectual property, random arrests of executives, sudden individual bans from leaving the country and no access to the Chinese Justice system. People can get all twisted up over this tariff thing, but I view it as a waste of emotion and energy. Maybe an attack talking point for the Left leaning and a defending point for the Right. At the end of the day the actual results will lie somewhere in the middle so both sides will be correct somewhat. This is good as they can then discuss who was more right, which is good and will keep them out of trouble
A new broom always sweeps clean.
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