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104% tariff sounds scary, but it’s not. China will find $145bn of “premium” goods from other countries, US will try hard to find $440bn of “cheap” goods elsewhere.

https://en.wikipedia.org/wiki/List_of_the_largest_trading_partners_of_Chinahttps://en.wikipedia.org/wiki/United_States_balance_of_tradehttps://www.bbc.com/news/articles/c20zd4k6d36ohttps://www.bbc.com/news/articles/c4g2089vznzohttps://tradingeconomics.com/united-states/balance-of-trade US started having trade deficits since 1970s and grew to become the country with largest trade imbalance by far. US imported $440bn from China; China imported $145bn from America….

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A few trillions might not be enough. How about 10T (about half of US GDP) or 20T? Ray Dalio explained it with such calm, #US will keep printing/borrowing money to fill however large the hole is, will drag everyone down with it. #COVID youtube.com/watch?v=WA1Ji-…

A few trillions might not be enough. How about 10T (about half of US GDP) or 20T? Ray Dalio explained it with such calm, #US will keep printing/borrowing money to…

Continue reading
0 Comments