China is able to dump products on the market for a number of reasons. Raw materials are cheaply and readily available. They don't have unions negotiating wages and lifetime benefits, regardless of output or purchase. Even if they had reasonable environmental regulations, they notoriously ignore them at the expense of safety, health, and lives.
They have 3X our population under authoritarian rule and don't give a damn about them or their working and living conditions. If you think a tariff is going to level that playing field, you're dreaming.
Exactly.
Not only this, Americans buy on price - and American made products due to union scale, environazi regs, government red tape and a whole slew of taxes, feed and permits - make our products triple or more in cost than similar products made overseas.
And then history teaches us that vocal trade wars become hot wars.
It will be interesting to watch the unintended consequences unfold when China stops buying our debt and begins dumping the 20% of our treasury notes and bonds, firing the starting gun the rest of out trading partners that Trump just tariffed begin to follow suit.
Suddenly 20% becomes 40% and expands as the avalanche gathers speed and momentum aided by Trump twittering insults via his phone.
