UglyCasanova
Lifer
- Mar 25, 2001
- 19,275
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How are they more vulnerable than us? We are the ones funding an entire economy from borrowed money/debt. We are in a giant bubble. They are lending us money. Not the other way around. This is going to put a big hurt on the average household. We are taking on more debt than ever. The average American family is in debt up to their ears. You think they are in a place to pay 10 to possibly 20 percent more for tariffs. Remember brick and mortar almost being dead before the govt pumped all the Chinese money into the economy? Now imagine that but this time even worse because no one is buying not because of online being cheaper but because they can't afford either.
China's biggest fear is instability and political unrest. They have to keep growth going lest their be rumbles from within. They are an export driven economy so yeah it makes them more vulnerable to trade disputes, same with Germany. I disagree with the tariffs and agree with you that it's going to hurt American's more than they realize, but the political leadership in Beijing although they'd be loathe to admit it are definitely feeling the heat.
