The US needs China more than China needs the US. They can find new customers with ease. It will take many, many years to get manufacturing facilities up and running to replace Chinese goods.
TRADE WAR UPDATE 🚨:
- Trump hikes China tariffs to 30%
- China does nothing
- Trump hikes China tariffs to 84%
- China responds with matching tariffs
- Trump hikes China tariffs to 145%
- China responds with matching tariffs
- Trump says that he wants Xi to call him
- China does nothing
- Trump says he is ready to "make a deal"
- China does nothing
- Trump rolls back tariffs
- China does nothing
- Trump says we don’t need a deal
- China does nothing
- Trump says talks are happening
- China denies talks are happening
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