
No, it wouldn’t.
Here’s what it would lead to:
- A significant increase in inflation in the US. You see, tariffs are a tax on imports that the buyer (the US citizen) pays.
- A huge gut punch to US farmers. China imports pork and soy and other agricultural products from the US. They’d instantly retaliate. That’s exactly what they did when Trump instituted tariffs on some Chinese goods. Trump ended up sending $20-$30 billion a year to farmers to compensate for their lost sales.
- We couldn’t institute tariffs on China’s “entire export economy”—they have hundreds of billions that go to Europe and Africa.
- They’d easily get around it (like they did during the Trump era). Make a TV and ship it to Vietnam where they put a seal on it “Made in Vietnam” and in a box of a Vietnamese company.
- You’d destroy the US tech industry (or at least mobile phones and computers and laptops). The vast majority of them are made in China. You’re probably gullible enough to think that means Americans would start up a new industry making phones or making computers. Nah—that’s not how that works.
Finally, your thinking isn’t realistic. Let’s suppose I don’t like what you’ve been posting on Quora. So I decide I’m going to punch you in the face. Will you stop posting questions I don’t like? Nah, I bet you’d punch me right back. And then post 3x as many posts that I don’t like. So you see, the Trump thinking of “let’s just try and bully them” is kind of stupid.
A tariff only affects the import of products. It has no effect on the export of products.
- Products are products. You either need them and use them or you don’t.
- If the USA places tariffs on products, the products will still be made, and one way or the other they will make it to the consumer.
- A tariff is paid by the American consumer.
- So China will continue to manufacture products. The only issue is HOW they will reach the American consumer.
Now, we now know about the massive tariffs placed by the Biden-Trump tag-team. We now know what happens. The factories restructure to make it easiest to supply the consumer.
In 2018, many Chinese factories opened up branches in Vietnam and Mexico.
Today, if the USA wants to play wack-a-mole then China is really up for the game. Chinese factories will sprout up everywhere. The end result will be a greater spread of Chinese manufacturing throughout the world.
So, Trump promises 300% or 1000% tariffs. What will happen?
- No factories are moving back to the USA. It is not really a friendly place to manufacture goods. No wishful thinking is going to change that. You need regulatory, social, structural and educational changes.
- Americans will either stop using the products, or pay higher prices for them.
- This will translate into an additional tax on Americans.
As long as Americans pay that additional tax all is well. There are some positive up-ticks to the United States as a whole.
- GDP will soar.
- Wall street will roller-coaster, and then stabilize.
- Federal taxes increase will mean more money to pay for government programs. The government will benefit.
But it will come at a price.
- Americans will only tolerate taxes so long. Call it what you will, Americans are already at their breaking point.
- The lifestyle of Americans will collapse.
- This could possibly trigger an American civil war.
All in all it will have a DEVASTATING effect on the United States.
But…
What about China?
I’m sure that the last decade will clearly show what will happen. The more tariffs and sanctions placed on China; the greater it’s economy grows.
Press the foot on the gas harder, and watch China FLY!!!!
So egocentric. Exports to the US account for 2.6% of China’s GDP which is growing at around 6.5% per year.
So amnesiac. Both Obama and Geo. Bush Jr put tariffs on certain Chinese goods with no effect other then their ‘reorigination’ to other countries.
So arrogant. Why would an economic squeeze cause the collapse of a political system. It sustains systems as examples like Cuba so powerfully show. Learn a lesson.
So misguided. US companies and customers pay the tariffs. Most of the goods currently imported cannot be substituted at short notice.
So pointless? What are you looking to achieve and why is it any of your business. If someone proposed aggressive economic attacks as a way to destroy the Republican party or the US system that puts an oaf with fewer votes ahead of a woman with more votes, you would be outraged.
Another demonstration that freedom of information is not connected to an informed population