this post was submitted on 28 Apr 2025
15 points (100.0% liked)

Economics

2103 readers
2 users here now

founded 5 years ago
MODERATORS
Rumblestiltskin@lemmy.ml
15
Bessent today: China must de-escalate trade war first because we buy 5 times more than they do. (www.cnbc.com)
submitted 3 months ago by humanspiral@lemmy.ca to c/economics@lemmy.ml
7 comments fedilink hide all child comments
 

US exports are 2% of China GDP. It is likely to have higher GDP growth than US this year, while the US has shortages of things it cannot quickly replace. LNG, agriculture, aeroplances are easy to replace for China. Humiliating US has more value, than figuring out what they can boost 2% of GDP on.

you are viewing a single comment's thread
view the rest of the comments
[โ€“] HiddenLayer555@lemmy.ml 13 points 3 months ago* (last edited 3 months ago) (1 children)

The grocery store down the street must de-escalate trade war first because I buy everything from them but they have never bought anything from me, so I buy infinitely more times than they do.

[โ€“] humanspiral@lemmy.ca 4 points 3 months ago

Makes no sense you haven't set them on fire yet. So unfair.