China increasing tariffs on U.S. imports such as food will produce a rise in price for Chinese consumers. Large tariffs of Chinese exports will reduce exports and manufacturing and cause damage to China’s economy. Together, these mean that the trade war will place China at a significant disadvantage.
Supporting arguments · 2
- Rising prices damage consumers and the economyAn inevitable result of the trade war is increased tariffs on necessary consumer goods such as food. This makes these goods more expensive for consumers. Making life harder for its citizens is bad for China.
- Increasing tariffs on Chinese goods harm key exportsSince China is reliant on U.S. exports, large tariffs cause huge damage to the Chinese economy. China will lose the trade war because the U.S. will be able to sustain the damage for longer than China.