Unfortunately, I don't see these tariffs working out well for the US unless American consumers actively cooperate and actually stop buying Chinese goods.
The article mentions there's 30/40% profit on Chinese exports which means China could effectively absorb increases due to tariffs and lower prices and American consumers would continue to buy.
US consumers must stop buying goods from China in enough numbers for it to have a negative effect on the Chinese economy. Most of us in the West have gotten used to buying cheap goods from there and I reckon it'll be damn hard to kick the habit.
Unfortunately, I don't see these tariffs working out well for the US unless American consumers actively cooperate and actually stop buying Chinese goods.
The article mentions there's 30/40% profit on Chinese exports which means China could effectively absorb increases due to tariffs and lower prices and American consumers would continue to buy.
US consumers must stop buying goods from China in enough numbers for it to have a negative effect on the Chinese economy. Most of us in the West have gotten used to buying cheap goods from there and I reckon it'll be damn hard to kick the habit.