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Does this affect the doom and gloom comments made here? I know nothing of economics, hence the question.
by notheguyouthink 9y ago
Does this affect the doom and gloom comments made here? I know nothing of economics, hence the question.
- tristanj 9y agoThe size of the tariff changes. No concrete numbers have been announced, but the tariff may be in the range of ~10-40%. That would mean the actual tariff value is several times smaller than the reported $60B value.
- fspeech 9y agoWe will have to wait for the details. Will they really tax Nike shoes, HP/Dell computers or Apple phones? As for what Lighthizer allegedly cares about - "electric vehicles, high-tech shipping and aerospace technology", I am not aware that this country buys in any significant quantity from China so not sure how they can be targeted with tariffs. In NYT's exact words: ... Those industries include electric vehicles, high-tech shipping and aerospace technology. Mr. Lighthizer called them “the ones I care about” for tariff purposes.
- IAmEveryone 9y agoThe numbers involved wouldn’t make any significant difference either way. The fear is retribution, counter-retribution, and the breakdown of the free market consensus of the last 70 years.