"... aid Wang Yuesheng, the director of the Institute of International Economics at Peking University. 'The impact on China is mainly that Chinese products have nowhere to go,' Mr. Wang said. That will ravage export-oriented companies making things like furniture, clothing, toys and home appliances along China’s eastern seaboard, which largely exist to serve American consumers. 'These companies will be hit very hard,' Mr. Wang said.... Beijing’s strategy now is to push back at the United States and hope that Mr. Trump succumbs to domestic pressure to reverse course, said Evan Medeiros, a professor of Asian studies at Georgetown University who served as an Asia adviser to President Barack Obama. 'They know that if they give in to pressure they will get more pressure,' he said. 'They will resist it with the belief that China can withstand more pain than they can.'"
Until then, it's a test of who "can withstand more pain." I can see thinking Americans will give up first, but the pain is worse for China. They have all this junk they made for us — furniture, clothing, toys and home appliances — and we'd just be saving money and going without a lot of extra items we might be better off without — all that "fast fashion," all the plastic toys, all the home redecorating madness. We may even learn that life is better without so many cheap consumer goods. Less waste. Less damage to our soul from the slave labor.
They need to break before we learn to live without them. But if they don't, we pocket in the money from the tariffs.
Why aren't progressives on Trump's side here?
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