The other striking thing to all this stupidity is … $143.6 B of trade with China
Everyone keeps demonizing China and treating it like some sort of new military power that is going to take over the world … yet they do billions of dollars worth of trade with them every year
And considering trade with China is because of the cheap prices, that $143.6 B represents a much larger number for how much gdp activity happens after it’s imported, once wholesalers resell it to retailers who resell it to customers.
The other striking thing to all this stupidity is … $143.6 B of trade with China
Everyone keeps demonizing China and treating it like some sort of new military power that is going to take over the world … yet they do billions of dollars worth of trade with them every year
And considering trade with China is because of the cheap prices, that $143.6 B represents a much larger number for how much gdp activity happens after it’s imported, once wholesalers resell it to retailers who resell it to customers.