US-China Trade Highlights: US imposes 104% tariffs on Chinese goods effective immediately; additional tariffs to be collected starting April 9: White House
$361 billion as of 2024. But that doesn’t mean they need the US. They’re still doing a lot of trade with the rest of the world. And this won’t be stopping trade entirely, the US will still be importing a lot from China.
They do right now, as their manufacturing is built around shipping 300 billion more to the US than they buy from the US.
If the US suddenly reduces that buying by even 20%, it’s not like they can suddenly sell that elsewhere. “Elsewhere” is already buying what they want. You can’t magically make new consumers appear.
$361 billion as of 2024. But that doesn’t mean they need the US. They’re still doing a lot of trade with the rest of the world. And this won’t be stopping trade entirely, the US will still be importing a lot from China.
This is literally what their belt and road initative is built to hedge against.
They do right now, as their manufacturing is built around shipping 300 billion more to the US than they buy from the US.
If the US suddenly reduces that buying by even 20%, it’s not like they can suddenly sell that elsewhere. “Elsewhere” is already buying what they want. You can’t magically make new consumers appear.