Without imported products from China, there is no Christmas in the United States. At least there will be no Christmas lights, decorations, or game consoles that are wrapped and placed under the Christmas tree.
This conclusion can be drawn from a table brought by Carolyn Freund, a researcher at the Peterson Institute for International Economics. According to the table, according to the import quota, the top 10 Chinese products that accounted for more than 90% of US imports in 2015 were laptops, game consoles, Christmas items, rubber boots, ceiling fans, other holiday items, synthetic blankets, and hair products. , portable lights and Christmas lights. Therefore, if we shut down trade with China, just as Republican presidential candidate Trump proposes to impose (punitive) tariffs, then no other country will be ready to supply us with Christmas products, not to mention laptops. It is.
China does impose US imports on several vitally expensive products. Also, some products are much cheaper but indispensable, but they seem to be less economically valuable. Peterson’s emphasis on the above products made the author a little surprised. These low-cost and low-profit manufacturing industries cannot create many good jobs, and the author believes that China is abandoning such sectors.
When people look at the list of more conventional products with the highest total value of imports from China, the degree of surprise will be reduced. Among the mobile phones, computers and other technology products imported from China, the most expensive parts are not from China but are manufactured in countries such as the United States and Japan. Trade is complicated, not a so-called zero-sum game where exports are always good, and imports are still bad.
The United Nations data shows that the United States continues to maintain a huge trade deficit with China. Is this a terrible thing? Not necessarily. But this certainly makes people more able to afford Christmas than the opposite.