It’s going to hit everyone. I’m seeing anecdotal reports from local small businesses of businesses / leads drying up, some VERY dramatically.
Yup, my startup is on the verge of bankruptcy due to various gov fuckups, including simply not paying for our completed contract.
Uncertainty is terrible for business. How does anyone make plans more than 60 days out? Even that far out is too uncertain. Many will just hunker down and go into low risk survival mode
How do you make plans one hour out?
Idk someone should sell insurance products for this
That's the whole point. Make it hurt so their government has to comply.
Lol the Chinese government will make out like bandits. "Corrupt" party members will be paid to look the other way as import/export business forge paperwork and wash the point of origin through proxies. The tariff differential between China and proxy countries is basically a corruption bounty.
There's absolutely no chance that China will comply just because some of their population will hurt.
They even nailed shut the doors during Covid to prevent people from going out.
Then the tariffs stay in place. The secondary goal of moving manufacturing to the us will be met if China refuses to comply.
Get ready for 1000% tariffs.
Nah, manufacturing will just move to other countries where it's cheaper.