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The soybeans from the United States are first sold to Brazil. Then they are shipped from Brazil to China. China's electrical appliances are first sold to the European Union, and then shipped from the EU to the United States. Even if direct trade between the US and China is zero, transshipment trade will flourish rapidly. Unless the US closes its doors. The American people will not be working on screws! The trade war is just a passing breeze. After the wind blows, everything returns to calm.
When it comes to the Sino-U.S. trade war, in the end, it is the U.S. itself that suffers.
Take American soybeans for example. In 2024, China bought 52% of American soybeans, but when Trump turned against them and imposed tariffs, American farmers were jumping up and down in frustration. But guess what?
The United States sells soybeans to Brazil, which then ships them to China, and the price is cheaper than before! It's like you going to the supermarket to buy apples; originally, they were sourced directly from Shandong, but the owner insists on going through Henan first, and in the end, still sells them to you at an even lower price.
The same goes for Chinese appliances. The United States has imposed an 80% tariff on Chinese home appliances; what should companies like Haier and Hisense do? They directly build factories in Mexico, taking advantage of the zero-tariff policy under the USMCA, shipping air conditioners and refrigerators to the United States with almost zero tariff costs.
Even more astonishing is that some small appliance companies first export their products to Vietnam, and then re-export them to the United States. Although they have to pay a 46% tariff, it saves them half the money compared to direct export. It's like when you go to the market to buy vegetables, and the vendor says, "Original price is 10 yuan, but if you take the detour, it's 5 yuan. Which one do you choose?"
The Boston Consulting Group calculated that re-export trade has made American consumers spend 18% more, but the effects of tariff protection have been completely offset. The U.S. wants to bring manufacturing back through a trade war, but the reality is quite harsh.
The McKinsey report makes it clear that the share of employment in U.S. manufacturing is only 9%, and it is concentrated in high-end industries. Ordinary Americans would rather deliver food or drive for ride-hailing services than work in factories tightening screws. Even with government subsidies to build factories, companies prefer to place their production lines in Mexico—where labor costs are only one-third of those in the U.S. and they can enjoy zero tariffs.
You say, how long can the United States last in this kind of business that harms others and is not beneficial to itself? #特朗普暂停关税 #加密市场反弹