“They sell us about five times more than we sell them. So their factories are closing down as we speak,” Bessent said. “We’re going into the holiday season. Orders are placed for that now. So if those orders aren’t placed, it could be devastating for the Chinese.” -Bessent
This guy is so stupid. Imagine believing that Being on the demand side of the equation gives you more power than being on the supply side.
People will be upset over a few factories shutting down. For sure. It’ll suck for some chinese workers.
But the other side of that coin is empty stores before Black Friday. How many retailers are going to finish the year in the red if they cant get products to sell? How many consumers are going to be mad because there is nothing to buy or what there is is 10x the cost because there is no supply? There is nobody to replace those products and even if there were Trump’s tariffs have pissed the entire world off because he put them on everyone.
We might see scarcity protests in usa this christmas. Honestly I think Trump might actually “drain the swamp” just not in the way he was hoping for.
Exactly, and it only gets worse from here on out because once Chinese companies redirect trade away from US, then there’s little incentive to go back to dealing with the idiocy there. So, even once they sober up and realize they need Chinese goods, I don’t expect they’ll get them in the same volumes. Chinese economy is already rapidly adjusting to the tariffs https://archive.ph/EAI45
This guy is so stupid. Imagine believing that Being on the demand side of the equation gives you more power than being on the supply side.
People will be upset over a few factories shutting down. For sure. It’ll suck for some chinese workers.
But the other side of that coin is empty stores before Black Friday. How many retailers are going to finish the year in the red if they cant get products to sell? How many consumers are going to be mad because there is nothing to buy or what there is is 10x the cost because there is no supply? There is nobody to replace those products and even if there were Trump’s tariffs have pissed the entire world off because he put them on everyone.
We might see scarcity protests in usa this christmas. Honestly I think Trump might actually “drain the swamp” just not in the way he was hoping for.
Exactly, and it only gets worse from here on out because once Chinese companies redirect trade away from US, then there’s little incentive to go back to dealing with the idiocy there. So, even once they sober up and realize they need Chinese goods, I don’t expect they’ll get them in the same volumes. Chinese economy is already rapidly adjusting to the tariffs https://archive.ph/EAI45