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by adventured
2564 days ago
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The parent is drastically exaggerating. The US dropped its steel tariffs against Canada and imports ~$325 billion in goods from Canada (equal to ~19% of their economy). Canadian steel represents <2% of that. Meanwhile the US is going to allow Infineon to buy Cypress, an important US semiconductor company. The US will have roughly a $21.x trillion economy at the end of 2019. The scale of non-China tariffs is entirely trivial, meaningless. So far there has been very little in the way of actual hits and targeting from tariffs - on the grounds of national security or otherwise - outside of the trade conflict with China. |
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