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Trump gives China one day to end retaliations or face extra 50% tariffs (arstechnica.com)

submitted 2 months ago by Deceptichum@quokk.au to c/world@quokk.au

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Tech companies' worst nightmare ahead of Donald Trump's election has already come true, as the US and China are now fully engaged in a tit-for-tat trade war, where China claims it expects to be better positioned to withstand US blows long-term.

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[–] Krik@lemmy.dbzer0.com 1 points 2 months ago (1 children)

that… for lack of a better term - liberalized global trade - were a mistake, and they are intent on reversing them at all costs.

I wonder if they thought that through. The US might not have an economy left by the time the factories replacing foreign products are set up.

[–] catloaf@lemm.ee 1 points 2 months ago

It'll still have people, and those people will be desperate. Perfect for exploitation.