4 ms·
A real trade war would be devastating for China both economically and politically. Imagine this 300m workers having nothing to do all day but also no income to
by lovedva 7y ago
A real trade war would be devastating for China both economically and politically. Imagine this 300m workers having nothing to do all day but also no income to buy the rice to feed their families.
The rest of the world could easily get by by moving production lines and factories to Vietnam and Indonesia and South America, etc, while paying a flat “tax” in increased prices across the board for cheap products.