I don't believe so. Only 20% of China’s economic output is exported, and of that, only 15% of these exports go to the America directly (excluding all the bypasses through other middleman countries), equivalent to 3% of China’s GDP.
Meanwhile, 15% of American imports are from China, but doesn't account for "diversification" through other middleman such as Vietnam, Mexico, and ASEAN countries, so this figure could be substantially higher, maybe even closer to 80-95%, considering China's monopoly over almost all upstream supply chains such as key metals, raw materials, components, refined/semi-finished products, etc.
It's a classic "tit-for-tat" scenario. China will be fine, for their long-term thinking will find a good combination of punishing bad behavior, rewarding cooperation, and realigning their economy to be even less reliant on the USA.
The USA wants a "Plaza Accords" with China, but China isn't occupied with dozens of USA bases and tens of thousands of USA troops like Japan.
The upside to tariffs for me as an American is that tariffs will finally expose American companies that import products to USA for final assembly and then slap on a "made-in-usa" label/brand.
Very timely stuff as I am using AI as a contributing editor for my blog. It has a tremendous knowledge base and we actually have editorial meetings where we kick ideas around. Here, It agrees with what so many economists are saying.
If only dumb ass politicians knew a minuscule amount of what AI knows it would be a better world. AI has a morality they don't.
I am curious: does China really rely so much on exports to the US?
I don't believe so. Only 20% of China’s economic output is exported, and of that, only 15% of these exports go to the America directly (excluding all the bypasses through other middleman countries), equivalent to 3% of China’s GDP.
Meanwhile, 15% of American imports are from China, but doesn't account for "diversification" through other middleman such as Vietnam, Mexico, and ASEAN countries, so this figure could be substantially higher, maybe even closer to 80-95%, considering China's monopoly over almost all upstream supply chains such as key metals, raw materials, components, refined/semi-finished products, etc.
It's a classic "tit-for-tat" scenario. China will be fine, for their long-term thinking will find a good combination of punishing bad behavior, rewarding cooperation, and realigning their economy to be even less reliant on the USA.
The USA wants a "Plaza Accords" with China, but China isn't occupied with dozens of USA bases and tens of thousands of USA troops like Japan.
The upside to tariffs for me as an American is that tariffs will finally expose American companies that import products to USA for final assembly and then slap on a "made-in-usa" label/brand.
Very timely stuff as I am using AI as a contributing editor for my blog. It has a tremendous knowledge base and we actually have editorial meetings where we kick ideas around. Here, It agrees with what so many economists are saying.
If only dumb ass politicians knew a minuscule amount of what AI knows it would be a better world. AI has a morality they don't.