Although manufacturing activity has been down for ten out of the past eleven months, I’ve read that China has over-manufactured goods in recent years, and has been dumping them on the US to raise cash. Meanwhile, Trump has said that he will impose a 60% tariff on China. I would think that this threat would make China try to dump even mor…
Although manufacturing activity has been down for ten out of the past eleven months, I’ve read that China has over-manufactured goods in recent years, and has been dumping them on the US to raise cash. Meanwhile, Trump has said that he will impose a 60% tariff on China. I would think that this threat would make China try to dump even more of their excess, and quickly, before tariffs are imposed. This will impact the US economy in ways that will make Trump and Congress all the more likely to carry out the threat - UNLESS, in doing so, they precipitate the collapse of China’s economy in ways that are destructive to the US economy. So, my question is: how would you think the imposition of a 60% tariff would play out?
Although manufacturing activity has been down for ten out of the past eleven months, I’ve read that China has over-manufactured goods in recent years, and has been dumping them on the US to raise cash. Meanwhile, Trump has said that he will impose a 60% tariff on China. I would think that this threat would make China try to dump even more of their excess, and quickly, before tariffs are imposed. This will impact the US economy in ways that will make Trump and Congress all the more likely to carry out the threat - UNLESS, in doing so, they precipitate the collapse of China’s economy in ways that are destructive to the US economy. So, my question is: how would you think the imposition of a 60% tariff would play out?