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David Wong
South China Morning Post
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Comments by "David Wong" (@davidwong5197) on "Trade 'deal' vs uneasy truce: analysing the US and China's response to phase one" video.
@zilun You need to take a lesson in Economic. It is true China devaluated their currency to compensate for the tariff. However, much of the business also went to Vietnam China's product gross margin are generally lower than 30%,. They can't afford to lower their price. So the manufacturing moved to Vietnam. The price of soy bean dropped more than 50% and US farmers have to go bankrupt. . Wouldn't it be cheaper for US to pay the tariff instead. No, because this is not how economic works.
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@AbdulDean448 No, they have a huge pork problem. They have to fix that.
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China now also have a aging population problem like Japan and US.
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