Only a Trade Deal Between US and China Can Save the World Economy - The Wire
The American middle class consumed a large number of items from China under a special scheme which allowed zero duty imports of goods valued at under $800 on global eCommerce platforms. The majority of Americans use this route for buying consumer goods. This has been banned by Trump for the first time in decades.
Amazon’s Jeff Bezos, a big supporter of Trump, is deeply unhappy about this. Amazon in the US decided to display on their platform the doubling of prices on all items caused specifically due to the 145% tariffs imposed on China. This was seen as a politically hostile act by the US authorities. But the people are not fools. Trump’s ratings on economic performance are already plummeting to unprecedented lows as trillions have been lost in the stock markets and the Trump voters are preparing to deal with the unprecedented price rise.
Sooner than later the American middle class will realise their folly of electing as President a man who is causing their impoverishment so fast. Trump is imposing a kind of economic sanction on his own people.
M. K. Venu
04/05/2025