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Rumblestiltskin@lemmy.ml

Bessent today: China must de-escalate trade war first because we buy 5 times more than they do. (www.cnbc.com)

submitted 6 days ago by humanspiral@lemmy.ca to c/economics@lemmy.ml

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US exports are 2% of China GDP. It is likely to have higher GDP growth than US this year, while the US has shortages of things it cannot quickly replace. LNG, agriculture, aeroplances are easy to replace for China. Humiliating US has more value, than figuring out what they can boost 2% of GDP on.

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[–] DiaDeLosMuertos@aussie.zone 6 points 6 days ago (1 children)

Humiliating trump is fine. It's sad that tens of millions of Americans that also despise him are going to suffer. I wonder if the MAGA crowd will ever rise from their slumber ?

[–] TwinTitans@lemmy.world 6 points 6 days ago (1 children)

Maybe when their local dollar stores turn in to 20$+ stores.

[–] DiaDeLosMuertos@aussie.zone 4 points 6 days ago

Or are empty and close due to no stock.