US gov't shows "tough anti-China" words, but little real action so far because trade wars hurt US Corporations' profits.

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US gov't shows "tough anti-China" words, but little real action so far because trade wars hurt US Corporations' profits.

@jimmydoreisaleftyM to

Richard Wolff • 4 months ago

@profwolff

US gov’t shows “tough anti-China” words, but little real action so far because trade wars hurt US Corporations’ profits.

@profwolff

#WolffBites: Headlines scream: “$18 billion of Chinese-made goods imported into US now subject to higher new tariffs”. But total value of Chinese goods imported into US in 2023 was $ 427 billion.

[https://www.scmp.com/news/world/united-states-canada/article/3272538/us-says-start-new-china-tariffs-will-be-delayed-least-two-weeks]

Source: https://x.com/profwolff/status/1819385083947573657

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A lifelong professor of economics, Richard D. Wolff is a well-known critic of contemporary capitalism and the leading proponent of an alternative economic system based on Worker Self-Directed Enterprises (WSDEs). He is the host of Economic Update, and has been interviewed on several popular television programs that include: Real Time with Bill Maher, Bill Moyers’ Moyers & Company, The Charlie Rose Show, and Up with Chris Hayes.

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