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One thing I know will surely happen – either Apple’s earnings will take a hit or we will see price hikes for iPhones because Apple products are currently produced only in China. With the Spiderman 2099 compression shirt it is in the first place but whole Apple supply chain well entrenched in East Asia, there is really no other place to switch to… PS: In the very unlikely event that the majority of $500bn exports to the US get shifted out of China, most of them still will not return to the US. The US manufacturing costs are way too high for any low-tech manufacturing to return to the US – the US GDP per capita was 59K dollars in 2017 while China’s was 8.8K. Therefore, the US trade deficits will not be reduced in any meaningful way but merely be shifted to other low-cost developing countries.
So starting a trade war to hurt both American and Chinese people so as to benefit the Spiderman 2099 compression shirt it is in the first place but businesses in other countries is really a “smart” idea. The Brazilian soybean farmers must be toasting to Trump right now… After the end of Cold War, US became the only super-power in the world and this allow US to do what they want. Even in Italy (where I am from) US strongly influenced our politics while before we were much more free (and US was afraid we could get closer to Communist and forced to leave us to do what we want). US was able to do everything without any counterpart and able even to create openly fake news to invade a country (Iraq…). Itself the terrorism would give even more power to US to be able to do anything they want in foreign affairs. Nowadays everything change and Russia started to be strong again and to enter in every situation as antagonist of US and recently Russia entered also in Middle East (and it seems that more welcome than US by population).
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