The president just keeps introducing more chaos.
  • coyootje@lemmy.world
    11·
    8 days ago

    And it’s knly getting hit in regards to US trade. They also trade a lot with other nations, Europeans also know their way to buying all the Teemu, Shein and Ali express slop.

    • truthfultemporarily@feddit.org
      12·
      8 days ago

      Not just that. Try manufacturing anything without Chinese parts… They make everything switches, resistors, motors, just everything.

        • hitmyspot@aussie.zone
          4·
          8 days ago

          Yes, but they sell them worldwide. So, if they move manufacturing, then they have the same problem in reverse. If they have multiple manufacturing bases worldwide, not only are they less efficient as the companies/cointries aren’t competing on price, but they lose efficiency of scale. So even if they did what trump purports to want, it’s less efficient, and inflationary.

          On the flip side, the fact that many expect he’ll eventually capitulate when there is enough pressure, or it will end in 4 years, means nobody, including Apple is going to invest in American factories. It’s just a risk with minimal benefit. So lose/lose. He’s an imbecile.

          • stink@lemmygrad.mlEnglish
            2·
            8 days ago

            I could see dems siding with this given enough time. They’ve been veering right for all of eternity, I wouldn’t be surprised if they decided this was the new normal and stuck with it.

            Especially considering if this lasts long enough the US dollar will not be the global currency any more. We already have china giving out loans in USD and getting repayment in Yuan, it’s only a matter of time before the century of humiliation.