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462 points JumpCrisscross | 2 comments | | HN request time: 0s | source
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haunter ◴[] No.45078660[source]
In the end it's the biggest leopard ate my face moment ever:

China has very high growth momentum that surpasses American living standards soon, and not long before it will surpass American security standards too. China's purchasing power is probably more comfortable than most western countries, with extensive housing and high speed rail and electric cars etc. When a country becomes rich, inevitably other countries ask for their help. That's why China's growth must be curbed, fast > tariff them to their death or so. But I really don't think it will work at all. And personally I don't even think it's a good idea at all to begin with.

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decimalenough ◴[] No.45079201[source]
The craziest thing about all this is that Chinese exports to the US aren't even that big a part of the Chinese economy (3% or so). Sure, it'll hurt and there's multiplier effects, but the entire rest of the world is more than happy to take up the slack. So the tariffs really are the US cutting its own nose off to spite its face.
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refurb ◴[] No.45079300[source]
What do you mean “the rest of the world will take up the slack”?

Is the rest of the world suddenly going to start buying something they haven’t in the past? Why?

And the US consumer market is 2x the size of the next biggest (EU).

How exactly is the the rest of the world going to replace the demand of something several times its size?

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1. foxylad ◴[] No.45080599[source]
As an example, I'm pretty sure I just took up some of the slack here in NZ. I've been looking at installing solar for a while, and a particularly good quote for a Chinese system (Sigen) recently made me go ahead. I strongly suspect the unusually good price and fast delivery were due to cancelled US demand.

OT: Solar is awesome! 18 panels are generating 2/3 of our load, despite it being late winter. And a 16kWh battery means the grid power we import is all off-peak. In summer we're going to be exporting enough that we may even cover our winter grid import. Plus it gives us the best UPS system we've ever had, including zero-second cut-over (c.f. Tesla's half-second glitch).

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2. ◴[] No.45086385[source]