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US imposes 104% tariffs on Chinese goods effective immediately (m.economictimes.com)

submitted 4 months ago by mc900ftJesus@lemy.lol to c/world@quokk.au

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[–] joekar1990@lemmy.world 18 points 4 months ago* (last edited 4 months ago) (1 children)

Gives pick me energy and it's the newest talking point and very annoying. Total exports as a percentage is 15% that china ships to the us.

A deficit doesn't make it a bad thing. It means we are more of a consumer economy to focus on higher level of jobs.

[–] Onomatopoeia@lemmy.cafe 0 points 4 months ago

Yes, the deficit means China has the greater risk. China pushing a tariff on the little they consume from the US means nothing, just because they buy so little.

Basic economics.