How does it hurt us to pay less for all the stuff we import from China?
likely they’ll be successful. the usa will pay the price.
How does it hurt us to pay less for all the stuff we import from China?
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This also means that US exporters will be undermined by Chinese exporters in latin america africa south asia and everywhere else. As well US producers for the US domestic market will face more competition from Chinese imports.
The result will be that while prices will be cheaper-there will be fewer jobs to provide people with salaries to buy stuff.