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

[Dulfite]

Megiddo said:

Dulfite said:
Here's my take. It will only be temporary, and China cannot win a trade war with the U.S. so they will eventually break and then prices will be lower again and the U.S. will reap the benefits of having done it in the first place by having American made products purchased more because the tarrifs increase the cost of foreign imports and make them less of a steal. We import far more from China than they import from us, so they cannot win this fight. It's just a matter of time.

China can easily win a trade war with the U.S. They have far more buyers for their exports than just the United States. Whereas in the US many of our exports were sent mainly to China and we are having difficulty finding other partners. China is in a much, much more advantageous position to 'win'.

I disagree, but that's okay. In 15-30 years China is going to be dealing with a situation that makes our baby boomer social security problem look like a joke. That need as much money from us as possible, as quickly as possible, while they try to sort out their own mess. You can think what you'd like, that's fine, and you may be right in the end, but I think Trump will break China on tariffs just like he did Canada and Mexico.