really, we are the largest consumer thus they do NEED us to keep the money flowing
how much stuff does australia, russia, africa as a whole buy from china compared to us?
After the US president hit China with tariffs of over 100%, Beijing retaliates with higher taxes on American imports.
www.bbc.com
"Together those trade barriers helped to bring the goods the US imported from China down from a 21% share of America's total imports in 2016 to 13% last year."
If you look at the chart, you'll see that China went above $500 billion of exports to the US, but that dropped in what looks like 2023 to somewhere over $400 billion.
Yes, that's a lot of money.
Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial...
www.macrotrends.net
"China exports for 2022 were
3.718 trillion US dollars"
But China is exporting 7 times this much. Yes, it'd be a massive hit to lose 1/7th of your exports, but it wouldn't be a killer.
"Yet analysts point out that some Chinese goods exports to the US have been re-routed through south-east Asian countries."
"
For example, the
Trump administration imposed 30% tariffs on Chinese imported solar panels in 2018.
But the US Commerce Department
presented evidence in 2023 that Chinese solar panel manufacturers had shifted their assembly operations to states such as Malaysia, Thailand, Cambodia and Vietnam and then sent the finished products to the US from those countries, effectively evading the tariffs."
There are ways around this. All they need to do is get one friendly country nearby, say Vietnam, Malaysia or whoever to do some kind of deal with Trump, then route everything through that country with "finished products", and wham, you don't really have that much of a problem. Yes, costs more, but costs a lot less than the tariffs.