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> But I think China's response is a huge gamble It isn't. Trump got the math wrong. China and the rest of the world has a trade deficit with the US not the oth
by re-thc 2y ago
> But I think China's response is a huge gamble
It isn't. Trump got the math wrong. China and the rest of the world has a trade deficit with the US not the other around (if we count properly).
Does Trump not understand that US' position is the fragile 1? A lot of people can't live without necessities e.g. from China. Most people can live without US goods e.g. Netflix.
China has proposed banning US films. China licenses huge amounts of American drama too. Watch Hollywood crash.
Sports like NBA and Major League (baseball / soccer) are all exports with advertising, TV rights, etc. These were big in China.
The US education industry relies on foreign students as a major part of their funding. A lot of them are Asian.
China has a real monopoly on things like fireworks. There is no alternative.
Let's crash billions in the gaming industry too. Electronic Arts, Epic Games, Microsoft, etc.
The list goes on.