CHINA IS F###ED

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ROFL

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As Threadcutter pointed out

It's not that hard to believe that someone could be so obtuse, we see it daily. If you google Representative Jack Kimble, it comes up as a fake....There isn't a representative named Jack Kimble.

It's too easy today to just read something and take it for face value... I wouldn't doubt that a high percentage of claims and reports that are blindly shared and re-posted are pretty much horse shit. It's the times we live in ...
 
Folks have been predicting collapse of China for like past 30years , so take it with grain of salt. Besides wide sweeping exemptions (nearly half of Chinese imports) on tariffs. So it will not all just collapse , besides chinese will dodge much of it with near shoring stuff to bypas tarrifs and ultimately Trump will blink before the Chinese , not because of China but his moneyed pals applying pressure.

Note Chinese have built up global market for their product. US market makes up for some 16% of their exports compare that to 20+y ago when it was like 48% of Chinese exports , 16% (sub 10% if you count exceptions) doesn't sound like an exorbitant leverage. Besides if you google previous Trump tradewar with China ,the results were a wash paid by US consumer . Besides when it comes to trade wars there is always some lag between manufacturers and consumers feeling it. Give it a month or two .


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The push is not to collapse China or destroy their economy.

From what I understand it is a few main things.

1. High Chinese tariffs on us imports makes it hard for US produced products to sell into China. There are 1.x billion people there, literally 3 to 4 times the US population, they too are a massive market. This is the unfair/china is beating the hell out of us comments that you hear Trump make. Which off shores some manufacturing there to make it more profitable, to sell shit in China. Buick and Cat come to mind. Which bypasses the US worker.

2. Its to bring some of that manufacturing back state side so companies can't go there make shit then sell it here. Bypassing the US worker and the taxes that the GOV generates from it.

3. Short term it will bring in $$ to the GOV, there was a time in the long forgotten past were tariffs, not income tax were a main supplier of federal tax monies.

I think labeling it a trade war is a bit of an over statement by a zealous media.