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China exported something like 525 billion worth of goods last year to the US. Not all good can be replaced but let’s say something like 350 billion worth of goo
by csomar 1y ago
China exported something like 525 billion worth of goods last year to the US. Not all good can be replaced but let’s say something like 350 billion worth of goods are unmarketable because of the tariffs. Do you really think the whole world can’t swallow 350 billion of imports?
- refurb 1y agoYou’re ignoring the fact that the demand and supply were in equilibrium before. So the world needs to absorb almost half a trillion of new supply.