• NaibofTabr
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      182 months ago

      Yes. The US is the largest global consumer.

      Basically the US says to China “we’re not buying your stuff anymore!” and China is like “Ok, I guess we’ll sell it to someone else. Best of luck to you. Don’t let the door hit you in the butt on your way out.”

      • Lit
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        2 months ago

        China is still selling to US, they don’t care since they are not the ones paying the tax. In reality what is happening is Trump Threatens 104% “GST” tax (tariffs) increase on American for buying imports from China. China is not paying the tax, americans are.

        This tariff thing was just a way for trump to tax americans more while making it look like he is not, most people see tariff on china thinking it is china being attacked. lol. It is actually tax on Americans, the money collected from tariffs is tax paid on goods by Americans.

    • Oniononon
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      2 months ago

      Good. The entire reason US is in this situation is because it has forgotten the last time it got fucked.

    • Fingolfinz
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      42 months ago

      They’re probably a magat so they’re probably fine with that as long as China is also getting fucked cos that’s their fucked up logic

      • NoneOfUrBusiness
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        42 months ago

        No, it is not effectively an embargo. The reason American economic punishments work is because they impose penalties on countries and companies that do trade with embargo/sanction targets, so even though it’s only America attacking these countries Chinese, European and other firms avoid trade due to the threat of secondary penalties. Tariffs only work on American soil, so they have none of these secondary effects and the result will be that China will simply sell their stuff to someone else. To repeat, American embargoes work because they also prevent the target from simply doing business with someone else.

        • Lit
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          2 months ago

          China will still sell to America, the demand will still be there. Americans will just pay the higher “GST” (tariff) tax on the products.

        • @finitebanjo@lemmy.world
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          12 months ago

          Embargo means no more trade. Extreme high price means no more demands means no more trade. Effectively, at some point it becomes an embargo.

          Yes, China can sell elsewhere. That is also the case with a US Embargo. Idk why people are so dead set on not mincing this word.

          • NoneOfUrBusiness
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            32 months ago

            That is also the case with a US Embargo.

            It’s not. Look up the US embargo on Cuba.

          • @letsgo@lemm.ee
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            12 months ago

            No, increased prices never “effectively” become an embargo. An embargo is no sales full stop. Selling a single Polo mint for $500000000000000000 is still not an embargo.

            • Lit
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              2 months ago

              in fact at that price it become a status symbol, the manufacturer just need to make 1 sale. Or people will just travel to mexico to buy it cheap.