🚨🌎 Why US Has Upper Hand Over Beijing in Tariff Standoff
As China continues struggling to stimulate consumption, it is in greater need of foreign buyers because of its manufacturing overcapacity. Fewer exports will likely cause goods to pile up, and the domestic consumption base cannot absorb them. Such conditions will exacerbate the impact of tariffs on the Chinese economy.
As China continues struggling to stimulate consumption, it is in greater need of foreign buyers because of its manufacturing overcapacity. Fewer exports will likely cause goods to pile up, and the domestic consumption base cannot absorb them. Such conditions will exacerbate the impact of tariffs on the Chinese economy.