- cross-posted to:
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- cross-posted to:
- [email protected]
Summary
Trump’s proposed tariff hikes on Chinese imports, potentially reaching 60%, could accelerate China’s shift to alternative markets and offshore production.
Exporters in Yiwu, a hub for small goods, report declining U.S. sales and are increasingly targeting regions like Southeast Asia, the Middle East, and Africa.
Trump also plans to close tariff loopholes, such as the $800 duty-free exemption, which would heavily impact low-cost exporters and American consumers.
Many Chinese manufacturers are relocating production to countries like Vietnam and Mexico to evade tariffs, but further restrictions could disrupt these strategies.
Some of this is likely to be grandstanding, no?
Either way, even if he goes through with this, it’s not like this will have any noticeable impact on his support.
Who the hell knows with Trump.
He makes so many random and often contradictory statements, it’s hard to predict what he will actually do, and what he won’t.