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by X0Refraction
2353 days ago
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Tariff's don't have to be high enough to starve out countries to cause change, most people seem to agree that the Chinese people only tolerate the CCP because their economy is growing, if tariff's slowed that then they'd be under pressure to do something to fix it. There are similar situations in countries all over the world. Personally I think it is an existential threat to our way of life - if you take the most conservative predictions then at the very least there's going to be disruption to the global food supply (maybe not enough to starve everyone, but there'll be much less choice than now) and mass migration due to drought which could very easily kick off WW3. I do believe though that if the political will was there in the big Western markets the worst of this could be avoided without it having to come to conflict. Most experts seem to be of the same opinion, the vast majority say a carbon tax is the best method available to avoid the worst effects of climate change. |
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China already emits 2x US CO2 and is on track to double its emissions by 2030. There is no scale of trade war/tariffs I can imagine that will derail this.