william the wie
Gold Member
- Nov 18, 2009
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The left coast makes a lot of money on Chinese imports and much of that will vanish leading to a shortfall in state and local tax revenues. Will it be bad enough to have major consequences on where companies reside for tax purposes? Also the major companies will move their supply chains to reduce damages. That will hit China hard but how fast will those effects hurt China and its economic growth? So, which set of effects will predominate and how long will it take for these changes to damp down to a new normal for silicon valley?