China expects to outlast US in trade war, alarming Big Tech.

Tech companies’ worst nightmare ahead of Donald Trump’s election has already come true, as the US and China are now fully engaged in a tit-for-tat trade war, where China claims it expects to be better positioned to withstand US blows long-term.

    • Letstakealook@lemm.ee
      1·
      7 days ago

      I’d argue that the need to sell is greater. Not only is the product perishable, but often times farmers are leveraged at the beginning of the season and then pay off that yearly debt once the product sells. Now, the season hasn’t started yet, but that doesn’t mean loans haven’t been taken out and money already spent. If this doesn’t get wrapped up by Sep/Oct, we’ll see plenty of folks/corporations literally losing the farm.