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I vigorously agree with @robin_j_brooks and we have been showing this at @TheEIU in great detail via our Archimedean Trade Index. DM me for more information.
21.7. klo 23.51
Macro 101 on China tariffs. If China doesn't transship goods to the US, it must export them to the rest of the world (ROW)). Supply of goods to ROW goes up. Since ROW demand is unchanged, prices must fall to generate demand. US tariffs are a deflationary shock for China and ROW.
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