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US exported 0 coal, oil, and LNG to China in June. The brief tariff war also caused permanent collapse in propane pricing in the US as China switched permanently to Iran for supplies. (www.youtube.com)

submitted 2 weeks ago by humanspiral@lemmy.ca to c/economics@lemmy.ml

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[–] phdepressed@sh.itjust.works 3 points 2 weeks ago (1 children)

Well its reverse sided to what was "wanted" as now there is potentially an actual trade deficit that matters as we still buy/produce from China but they don't buy/produce from us.

[–] eldavi@lemmy.ml 2 points 2 weeks ago (1 children)

the trump tariff thing was an attempt to manufacture leverage that's backfiring and to the benefit of the future world... presuming that trump's successor isn't more deranged than trump is.

[–] ximtor@lemmy.zip 3 points 2 weeks ago (1 children)

Have you checked who is in line there? Not the same kind, but deranged for sure

[–] eldavi@lemmy.ml 1 points 2 weeks ago

trump and vance are just figure heads and i suspect that they'll be replaced in the next election due to their unpopularity, but their successors will push whatever the US empire wants nonetheless and decoupling w china is part-and-parcel to it.