Whatever one thinks of Trump’s trade-war goals, his tactics appear to have left him at Xi’s mercy. The Chinese people — 60 percent of whom spend less than $10 a day — are far more accustomed to economic pain than Trump’s Americans, and they have no meaningful right to vote. So Xi can probably afford to absorb the economic pain necessary to push the trade war past Election Day. This would greatly increase the chance of a recession in 2020 and damage the American president’s chance of reelection.
The author is ignoring the huge disparity between how much we buy from China and how much they buy from us.
In 2018 we purchased $540 Billion in Chinese manufactured goods. In 2018, they purchased $120 billion of farm products and other things.
Total US Exports: $2,500 Billion
So our exports to China represent 120/2500 = 4.8%
China Total Exports: $2,410 Trillion
China's exports to USA represent 540/2,410 = 22% of their exports.
[–] 20264320? [S] 0 points 1 point 1 point (+1|-0) ago
The author is ignoring the huge disparity between how much we buy from China and how much they buy from us.
In 2018 we purchased $540 Billion in Chinese manufactured goods. In 2018, they purchased $120 billion of farm products and other things.
Total US Exports: $2,500 Billion
So our exports to China represent 120/2500 = 4.8%
China Total Exports: $2,410 Trillion
China's exports to USA represent 540/2,410 = 22% of their exports.
If they buy nothing from us, we will be fine.
If we buy nothing from them, they are in trouble.
sources:
https://www.thebalance.com/u-s-china-trade-deficit-causes-effects-and-solutions-3306277
https://www.thebalance.com/u-s-imports-and-exports-components-and-statistics-3306270
https://oec.world/en/profile/country/chn/
[–] 20264360? 0 points 1 point 1 point (+1|-0) ago (edited ago)
WaPo.... it's a rag full of people who despise out country but don't realize it or that we see how much they despise the U.S.