Quote:
Originally Posted by Jesus H Christ
IMO this is impossible for China to pass us because China can only grow if we and the rest of the world have boom economies so they can sell more products. Currently, if the US wants to kill China's growth we'd simply slap a 25% import tariff on all products.
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German economy is booming and they are still No. 4 of the world - just an example - and they buy a lot of chinese products too ;)
and we're not talking just about socks anymore, how many computers are actually manufactured in the US?
if you would add 25% import tax to chinese products, many american companies (like Apple, Dell) would suffer immensely cause no one can afford their products anymore
and it would take years to replace suppliers like Foxconn with something local or in any other cheap labour country.