China's ecommerce giants rally to shield economy from Trump tariff impact

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China's ecommerce giants rally to shield economy from Trump tariff impact - Business Standard

Quick Summary:

If this trade war tips the US into a recession, it will only further the desire for bargain prices, while doing little to bring back business investment or manufacturing. (Disclaimer: This is a Bloomberg Opinion piece, and these are the personal opinions of the writer.

But there are some lessons: Nothing galvanizes China to come together like attacks from the US, and little rouses American consumers like the threat of losing access to cheap goods.

The figure exposes how the unwinding of Chinese e-commerce in the US will hit revenues for Silicon Valley titans like Meta Platforms Inc.and Alphabet Inc.’s Google.