Re:US Administration announces 34% tariffs on China – 20% on EU
by fauigerzigerk on Thursday April 03, 2025 @10:38AM
(#43570349)
Manufacturing as a share of GDP is bound to fall. It is inevitably going the way of agriculture.
The US is in the envyable position of having developed a globally dominant service sector. Putting that at risk of retaliation by imposing tariffs on all imports, including the lowest margin stuff like screws and bolts is utter insanity.
The US is in the envyable position of having developed a globally dominant service sector. Putting that at risk of retaliation by imposing tariffs on all imports, including the lowest margin stuff like screws and bolts is utter insanity.
https://www.ft.com/content/aee57e7f-62f1-4a57-a780-341475cd8...