The capitalist in the US sold out to China many moons ago...
U.S. firms halving FDI in China could cut GDP by $500 billion
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American companies would lose hundreds of billions of dollars if they slashed investment in China or the nations increased tariffs, the U.S. Chamber of Commerce said in a report highlighting the cost of a full decoupling of the world’s largest economies.
American gross domestic product would see a one-time loss of as much as $500 billion should U.S. companies reduce foreign direct investment in China by half, the Washington-based business lobbying group said in a report on Wednesday. Applying a 25% tariff on all two-way trade would trim U.S. GDP by $190 billion annually by 2025, the group said in a joint study with Rhodium Group, a New York data and analytics firm.
China Decoupling Would Cost U.S. Billions, Chamber Says
American companies would lose hundreds of billions of dollars if they slashed investment in China or the nations increased tariffs, the U.S. Chamber of Commerce said in a report highlighting the cost of a full decoupling of the world’s largest economies.www.bloomberg.com
Bloomturd, sold out to China long ago, so of course they would say we can’t break from China. They are communist ass kissing fags, just like you.
And you type that using a keyboard made in China...
Yup, because politicians who set all the rules in Washington for the last 50 years did nothing to protect our manufacturing sectors. Politicians like Joe Biden, who sold this country out in return for personal profit from foreign money quid pro quo bribes. Having four years of adding manufacturing jobs was nice while it lasted. Back to business as usual with Status Quo Joe.
