Kevin88660
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The optimistic scenario is that both sides will come to some deal.China is not that small... even if US doesn't do anything with the remaining countries, China is huge. If China retaliates and if this trade war happens for long, we are going to have a recession. China is the world's factory, and things will not work with them in this trade war way. Just imagine trade is happening with this 150% and 84% rates for next 6 months, where the world go? If US is the biggest consumer, China is the biggest supplier, and we can't mess with our supplier if we want to be in the business.
Both sides cannot afford to have this tariff in 3 months….I cannot imagine the total supply chain disruption. It will be pandemic level.
Putin and Biden kicked off the first global recession somewhat. Let us hope Xi and Trump do not kick off the second one.
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