Theories on why $200 billion in tariffs is only worth a market yawn

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China should give up on USA. It is not able to solve its chronic deficits & looking for others to blame. Boost domestic demand, sell usd1.2t Tbills to fund that, continue SOE reform & open markets to all except USA.

1. the $200 Billion is a misnomer, what matters is the % tariff. 2. 10% equates to about 3% mark up at retail, not enough to stop most people from buying.

It's not "$200b in tariffs". That's the value of the goods

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