Emerje wrote:Well, Trump says his deal with China is done and it so far looks like a terrible deal for us.
US gets-
- 55% tariff on imports (up from 30%)
- Mineral rights from China
China gets-
- 10% tariff on imports from the USA
- Chinese students can attend US universities again
So basically things are even worse for US consumers and China gets a great deal on imports and education. Yes, Chinese factories will hurt from this, but there's still no sign of alternatives to Chinese manufacturing for US consumers. Great deal for US billionaires who not only get to sell to China at a low tax rate but also get access to rare minerals to make the stuff they're selling there. But this deal seriously screw average Americans. It's also been pointed out that these minerals come from the notorious western region of Xinjiang known for their prison and slave labor mining. Republicans that are wrongly claiming Chinese factories are sweatshops as an excuse to move manufacturing out of China should be outraged over this, but they wont be since it's Trump's plan and he doesn't care so why should they?
Emerje
On another US Transformers fansite (which I won't name), you will get an automatic ban just mere mentioning the T word(s). Glad we can have a mature discussion here, including posting factual news updates.
There are no winners in a trade/tariff war for the ordinary folks.
I'm not even from the US, but I've been asked by my work to look at alternative supply arrangements (secondary & tertiary suppliers) as assurance of supply strategy should preferred suppliers go bust for whatever reason. I already have a full workload thankyou very much.