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they are not wrong (lemmy.world)

submitted 1 day ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 6 hours ago* (last edited 6 hours ago)

Adding huge tariffs to Chinese manufactured goods can only hurt American companies

This is not how economics work. It will MOSTLY hurt American companies. But it will also hurt the Chinese manufacturers because of the fast change in demand. It can even hurt 3rd party countries because these Chinese companies might now dump these goods on the market which in turn could hurt their competitors.