Donald Trump has decided to take on China’s efforts to catch up and pass America in trade….
While he DOES have a point?
His direct dealing with this issue is sure to hurt American consumers and product producers….
Donald Trump’s way of operating , as we have seem numerous times since he was elected is to go HARD at a issue, then back off to get a deal….
China has NOT blinked….
The United States’ trade war with China is likely to last much longer than originally thought — extending well into the second half of next year and perhaps longer, experts say.
The main reason: Neither side is prepared to appear politically weak at home, and both are ready to absorb economic pain.
We’re concerned about tariffs because they would increase prices on everyday products for American families … When we’re faced with tariffs or any other external factors, there are multiple levers we can pull to remain price competitive and maintain profitability.” — Brian Cornell, Target CEO…
“If U.S. goods become too expensive due to tariffs, Chinese consumers can shift to domestic producers or imports from other parts of the world … Over the years, China has become less reliant on exports so that the Chinese economy can withstand the imposition of tariffs on Chinese products.” — Joe Tsai, Alibaba Executive Vice Chairman…