Re:US Administration announces 34% tariffs on China – 20% on EU
by ncallaway on Thursday April 03, 2025 @03:00AM
(#43565834)
The problem with this theory is the tariffs will both have to remain in place for a decade and businesses will have to believe that they'll remain in place for a decade for that to pan out.
Nobody is building a new factory, based on tariffs that they expect to be gone in three years time.
Nobody is building a new factory, based on tariffs that they expect to be gone in three years time.