Donald Trump “ ordered” American companies by tweet to stop doing business with China. Even with the US president’s shifting whims, what if his wish were to come true?
In an extreme scenario, if US-China trade and US manufacturing in China were to grind to a halt – when US companies no longer had any business with or in China – what would be the implication for American consumers, its companies, workers and innovation?
US consumers would suffer considerably, with a narrower selection of shoddier goods costing more, driving up inflation.
"Without the Chinese supply chain and the vast China market, many US companies would be displaced by non-US rivals. In decoupling, the US would not be isolating China, but itself, from the global production
network".
Read more at: Trump wants US businesses to cut all ties with China: why that’s a lose-lose plan | South China Morning Post
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In an extreme scenario, if US-China trade and US manufacturing in China were to grind to a halt – when US companies no longer had any business with or in China – what would be the implication for American consumers, its companies, workers and innovation?
US consumers would suffer considerably, with a narrower selection of shoddier goods costing more, driving up inflation.
Had Trump not delayed
tariffs for the not-yet-targeted Chinese goods until mid-December, US
consumers would have had a foretaste of US-China decoupling this Christmas.
"Without the Chinese supply chain and the vast China market, many US companies would be displaced by non-US rivals. In decoupling, the US would not be isolating China, but itself, from the global production
Support EU-Digest, which has reported the news without any political affiliation since 2004, and opposes those who seek to discredit and even destroy news organizations who believe in the right of a free Press, by investing in an advertisement, or by giving a donation to keep our efforts going : to donate or advertise click on: https://www.paypal.com/webapps/hermes?token=8BP18304C1657151J&useraction=commit&mfid=1567106786154_8591ae1288ebf
