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"because there will be domestic overproduction." Is that from a decrease in demand, or an increase in supply from other countries? I'm curious what the price e
by giantg2 2y ago
"because there will be domestic overproduction."
Is that from a decrease in demand, or an increase in supply from other countries? I'm curious what the price elasticity of demand looks like for Chinese imports.
- darkwizard42 2y agoMy interpretation is: it’s domestic overproduction because China isn’t exporting as much to US so it will consume domestically and then not have need for imports from the other SE Asia countries.
- giantg2 2y agoMy question is more about where the US is then importing from. I assume some goods are more elastic than others. So will the US simply stop buying, or will it shift to buying elsewhere with lower tarrifs?
- deleted 2y ago[deleted]