25% tariff both ways for US and China come next week!

Posted by Silent Boy > 2018-07-03 14:33 | Report Abuse

So it seems China refuse to blink and so the first round will see 25% tariff on 50 billon China import goods will go online by next week! That means, americans for the first time experience 25% increase in prices of selected goods! Of course eventually americans will get creative and will manufacture this things in US instead! Which is exactly what Donald Trump is doing! As for China, they counter with similar 25% tariff on selected US goods! But this goods can't be manufactured or grow in US! Instead, some chinese may get creative and sell fake alternative! Which is morally bad! This first round will see China losing out! US instead enjoy consequential benefits!

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1 comment(s). Last comment by Timie 2018-07-03 14:42

Timie

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Posted by Timie > 2018-07-03 14:42 | Report Abuse

Not really. Manufactured in US mean high cost. High cost mean they will lost competition too. Their market will be come smaller because of high price and competitive.

China maybe fake with low cost. Low quality doesn't mean doesn't work.

Let's see what people choose. High quality with high cost or low quality with much more cheaper.

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