Will use these topics to post an assessment of detailed research done on the possible consequences of a trade war between China and US
Apollo: Thirty-seven percent of US imports from China are intermediate goods that are used in US production
Such as in the machinery, tool, and auto industries—see chart below. In addition, small and medium-sized enterprises account for 41% of imports from China.
The bottom line is that imports from China are not only t-shirts, shoes, and TV monitors purchased by US consumers. Almost 40% of imports from China are intermediate goods used in US production.
As a result, a dramatic increase in tariffs on China will also increase US companies’ costs of production.
https://x.com/chigrl/status/1914704274065412271
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