Trump says US kids may get ‘2 dolls instead of 30,’ but China will suffer more in a trade war
Trump says US kids may get ‘2 dolls instead of 30,’ but China will suffer more in a trade war
President Donald Trump is acknowledging that his tariffs could result in fewer and costlier products in the United States.
President Donald Trump on Wednesday acknowledged that his tariffs could result in fewer and costlier products in the United States, saying American kids might “have two dolls instead of 30 dolls,” but he insisted China will suffer more from his trade war.
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Ah yes, the country with an established industrial base and centrally planned infrastructure is gonna suffer more from tariffs than the checks notes usury and consumption economy run by competing interests and bolstered almost entirely by the ownership of foreign assets and reliance on its currency for international trade.
Honestly my only conclusion is that they know and are willing to create an economic crisis for the purpose of consolidating political power in the form of "emergency measures" as fascists usually do. I refuse to believe they are just stupid
Trump, and many of his supporters, think that America is China's biggest client. They're totally blind to the idea that China is China's biggest client, and that it's not even close.
Their total lack of understanding of the world outside their little exceptionalist bubble is hilarious and depressing