Trump's new tariff proposals include a 25% tax on video game consoles

[gamingsoul]

SpokenTruth said:

gamingsoul said:
If Trump is successful with his tariffs, I wonder if other countries will copy the model, I think most countries have suffered thanks to the cheap Chinese exports, so this is not just an American problem, if other big economies copy Trumps model I think the Chinese will be in major trouble.

1. He won't.  If China gets pissed off enough, they will start calling in some of the US debt they own.  That's a 'trump' card that we won't have an answer for.

2. Other countries don't have the import market value to fight a tariff war.

3. China has a fast growing middle class which means they can migrate from an export market to a domestic market over time. And if China's economy does move in that direction, it will dwarf the US and EU economies....combined.

Let’s wait and see

there’s no perfect solution but I think Trump is doing what should have been done 15 years ago, no single country has the economic power of the US but if multiple big economies tax the Chinese it will hurt them bad, I would like to see how China prospers without their cheap exports.