Another round of Trump tariffs could mean 'economic shock waves' for China
(Worthy News) - Key consumer tech products have so far mostly escaped the heat of the ongoing trade war. But if U.S. President Donald Trump makes good on his threat to impose tariffs on the full range of Chinese imports into his country, it could hit that sector hard, experts said.
Rajiv Biswas, Asia Pacific chief economist at IHS Markit, said that products such as mobile phones and smart watches and other wearable devices could be targeted in the next round, while ANZ Greater China Chief Economist Raymond Yeung pointed to mobile phones as well as other consumer goods.
"If the US Administration imposes a third tranche of tariff measures on a further USD267 billion of Chinese exports, this will significantly ramp up the economic shock waves to Chinese exporters," Biswas told CNBC in an email. [ Source: CNBC (Read More...) ]
It's funny actually. The U.S. turned China onto technology ...... now China has overtaken the U.S. in it.
But what most people don't see is that the U.S. was too high above other nations.
The decision was made (not by the U.S. however) that the rest of the world needed to be lifted up in the area of economy in order to work towards creating a world on a more equal footing.
Thus ....... China!