Colossal impacts incoming for China
🇨🇳China can subsidize 10-20% tariffs for a few months. They CANNOT subsidize a 54% tariffs.
This will have COLOSSAL impacts on China.
They can't fix domestic real estate, subsidize industries, build their military, fund the Belt & Road, etc, etc with this level of tariffs from… https://t.co/o3gegRkiuY
— Tony Nash (@TonyNashNerd) April 2, 2025