Quote:
Originally Posted by commonsense
Interesting, what do you think this will do to Chinese markets and industry? Will they move on to other countries or settle into conformists of the US market? The industry is booming over there, they would have to find other consumers if we raise tariffs or buy less...
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I'm sure in the short term manufacturers will seek other low-cost labor markets. But the same effect comes into play there, too. Plus there's a limited number of places that can supply the needed combination of a functioning government, stable society, educated workforce and low wages.
If you mean what will Chinese companies do, I'm sure they'll seek other outlets for their goods. But being more expensive will make that harder.