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US farmers back Trump but face pain from China tariff threats
(www.reuters.com)
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this post was submitted on 08 Nov 2024
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China likely to reciprocate against the tariffs, why? They only hurt us, and help them. Placing Tariffs in the other direction makes their prices rise in their country, that doesn't help them. They keep more industries by keeping prices low
It hurts them because imports will fall and that's how they make money.
It will just hurt Americans far more.
I suppose if the product in unnecessary, that would make sense. Required imports would stay selling at same prices until manufacturing plants elsewhere could be built for cheap enough to not just pay the tariffs. : /
Nothing except market manipulation
They did in 2018. Turns out they import lots of soybean and other foods from the US.
Someone used to tell me one of the largest exports of Panama City Beach when I lived there was mulch. They would ship it to China for fuel apparently. Never would have thought about a smaller town shipping trees half a world away... Talk about inefficient.
Wait till you hear about the farming that happens in Phoenix and then shipped to China.