boem@lemmy.world to World News@lemmy.worldEnglish · 11 months agoRed Sea crisis from Houthi attacks hits world trade as cost of shipping soars by 170%english.elpais.comexternal-linkmessage-square101fedilinkarrow-up1310arrow-down14
arrow-up1306arrow-down1external-linkRed Sea crisis from Houthi attacks hits world trade as cost of shipping soars by 170%english.elpais.comboem@lemmy.world to World News@lemmy.worldEnglish · 11 months agomessage-square101fedilink
minus-squareacargitz@lemmy.calinkfedilinkEnglisharrow-up15arrow-down13·11 months agodeleted by creator
minus-squareDead_or_Alive@lemmy.worldlinkfedilinkEnglisharrow-up3arrow-down3·11 months agoI don’t know, maybe because they are directly affected by closing a major trade route with one of their largest trading blocks. Of course they could always sit on their hands, make rude noises and let the US carry their weight… Which is what most of the world expects nowadays.
minus-squarevoodooattack@lemmy.worldlinkfedilinkEnglisharrow-up2·11 months agoAnd they can just hike their prices like everyone else is doing. So why invest time and resources into lowering them back down if it doesn’t affect them? China is mostly self-sufficient, most of the world is not.
minus-squareDead_or_Alive@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down2·11 months agoChina imports huge quantities of food and fuel. They are far from self sufficient. https://www.reuters.com/world/china/chinas-imports-unexpectedly-grow-oct-exports-extend-declines-2023-11-07/
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I don’t know, maybe because they are directly affected by closing a major trade route with one of their largest trading blocks.
Of course they could always sit on their hands, make rude noises and let the US carry their weight… Which is what most of the world expects nowadays.
And they can just hike their prices like everyone else is doing. So why invest time and resources into lowering them back down if it doesn’t affect them?
China is mostly self-sufficient, most of the world is not.
China imports huge quantities of food and fuel. They are far from self sufficient.
https://www.reuters.com/world/china/chinas-imports-unexpectedly-grow-oct-exports-extend-declines-2023-11-07/