not for a while, since the US has stockpiles and other outside sources and domestic resources, plus the defense and military arms of the US government will be the last industry to be affected by these import sanctions.
If these Chinese sanctions remain in place for any amount of time however, they will affect US corporate bottom lines much more rapidly and significantly than they affect the DoD, which is no small thing.
Corporate policy is argued to have determined the outcome of the '24 US presidential election, so the ramifications of further industries-wide vast US corporate loss in addition to the 11 trillion already lost are likely to lead to further policy change like the blocking of presidential tariff authority underway now.
According to the article, they haven’t cut the exports yet, just made it legally possible. Hope they do.
- 1 year
Guess I’ll have to leave the empire to fulfill my tungsten cube dreams
the policy decisions of the Chinese government are extremely separated from the everyday lives of the people.
the CCP may refuse to sell expensive minerals to the us, but the Chinese population will buy the cheapest, freshest produce full stop. which is usually the local farmers.
I don’t think I’ve ever seen American produce in China, come to think of it.
during the last trade war, there wasn’t any anti-us purchasing sentiment from Chinese people themselves because everything they want is produced by China anyway.
the Chinese population, in effect, is and has been boycotting every other country all the time for decades because so many of their basic needs are met by domestic production.
I see, yeah, the 10-year anniversary of the 2008 scandal.
good article, I’m curious what the numbers are 7 years later.
it looks like in 2018 80 to 90% of Australian baby formula was exported to China!
I found a PDF explaining the specific domestic and local market share, so even after the scandal in 2008 about half of the baby formula in China was produced and bought domestically.
of course even half of the market is a huge amount of baby formula in real life considering the population of China.
the market research data only goes up to 2017
