• mathemachristian [he/him]@hexbear.net
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    7 months ago

    Well, we have targeted a few industries, particularly clean energy, electric vehicles, batteries, renewables, where we’re not trying to dominate the globe and be the only country in the world that supplies these goods.

    Janet Yellen

    I’m determined to ensure that america leads the world in them

    Joe Biden

    make up your mind ghouls

    • BaroqueInMind@lemmy.one
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      7 months ago

      A tariff on imported goods to USA doesn’t affect global market of other countries importing Chinese goods you absolute genius.

      • frippa@lemmy.ml
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        7 months ago

        All those cars and solar panels that Chinese companies counted on selling in the US must go somewhere. Every other country in the world (excluding the EU, although to a lesser extent than the US) isn’t hell-bent on sanctioning China, their production will be just redirected elsewhere.

        And since the US, biggest net importer in the world, just stopped… importing, there will be more goods sought after by less money, AKA more supply (old supply + goods that can’t profitably be sold in the US anymore) but less demand (since the US just passed these new tariffs) and as you know, this is gonna make prices fall, maybe not a drastic fall but still.