It is actually a particularly bad time for this for U.S. one example is the above you did where if China does dollar for dollar duties the percentage on American companies will be particularly high hence removing them from competition in the local market. But the bigger problem is back home where U.S. job market is getting stretched too thin and the pressure is on to raise the wages which is pointing towards upcoming inflation in the U.S. which I might add is also pretty bad on the pocket considering little to no savings... By taxing cheap foreign imports those goods will become artificially expensive as well hitting the home hard. If this is/was posturing it has failed miserably... if this was considered giving U.S. an edge then someone messed up big time. This will drive U.S. exporters such as agricultural products and big ticket exports too expensive in other countries effectively removing U.S. from the competition. Whereas foreign goods may still remain competitive for some time... but here is an even bigger problem a lot of taxation on the Imports will be on U.S. companies themselves that have moved their operations abroad to remain competitive they will be forced to relocate either back to U.S. in a tight job market or a third country which may or may not work.
Plenty of local beef and pork, but Swedish beef is pretty expensive. Pork more normal.
Any use or Trade related to this being is Haram in islam.
Nicely explained
I don't think you are understanding the dynamic. In U.S. their is whole cottage industry of discount stores aka dollar stores and bigger stores such as walmart which rely primarily on Chinese cheap esports... they will become increasingly expensive hurting American pockets. Likewise American produce and agri products as well as big ticket machinery will become expensive in China driving American exporter out of contention. The dynamic in China is much different whose people are not dependent on American exports nor their exporters uni dimensional. However, again American companies that outsourced their production to China will be in an untenable position where they may have to close shop in China or face even higher wage costs in U.S...
your first part is correct observation but the second part is incorrect deduction. Low value product has low value because of the abundance of alternatives. Levying tariff on it from a single country will only cost little extra to Chinese consumers. On the other hand, high value products have fewer alternatives. US consumers would have to much more for the fewer alternatives.
