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Not only are direct exports to America reduced but exports to the entire world are affected
China had over capacity before the tariffs
Now it will be even worse for china
Yes, china aspires to be a consumer nationNot as much as you might imagine .
CCP realised this officially some time ago when it officially decided to make China a self sufficient consumer nation .
As distinct from being reliant on exports.
Following Russia's example and specifically guarding against this present type of scenario .
How far they have completed the transition is unknown .
But it will be factored in Deep State's plan to smash the US $ with a view to creating a BRICSplus currency standard to replace it
Not only are direct exports to America reduced but exports to the entire world are affected
China had over capacity before the tariffs
Now it will be even worse for china
I am not wrong about the need to cease relying on communist chinese factories to supply AmericaWe'll add this to the ever growing list of shit you're wrong about.
From the piece:
The enormous trade surplus for the full year came despite efforts by President Trump to use tariffs to contain China’s factories. The tariffs reduced China’s trade surplus with the United States by 22 percent last year. But Chinese factories increased sales to other regions, in many cases bypassing American tariffs by shipping goods to the United States through Southeast Asia and elsewhere.
So not only are they still selling stuff to us indirectly...we're paying more for it because of the middle man and the tariffs.