The U.S. government is poised to impose new tariffs globally on August 1st. Since Trump wants to raise prices on goods coming and going, our lives will undoubtedly be affected, but we can find ways to cope:
For example, the U.S. soybeans that our country commonly purchases will become more expensive if tariffs are added, leading to higher import costs. The soybean oil and tofu made from soybeans in supermarkets may become a bit pricier. However, we can pivot and purchase more soybeans from Brazil and Argentina, where prices are more favorable, ultimately reducing business for U.S. soybean farmers, causing them to worry.
Another example is the chips in our phones; the U.S. says it will restrict the sale of high-end chips to us. Initially, phone manufacturers may be a bit anxious, but our own chip manufacturers will work overtime on research and development. Although the performance may be slightly inferior, everyday mobile phones and home appliances will gradually become usable. Moreover, European chip companies fear losing our large market and covertly collaborate with us, quietly supplying goods, so the U.S. can't completely cut us off.
Additionally, for the clothes and toys we export to the U.S., after tariffs are imposed, the prices in American stores rise, making it painful for Americans to buy. Many U.S. stores discuss with us: why not set up a small factory in Southeast Asia to process semi-finished products and sell them, avoiding tariffs? As a result, our orders didn't decrease much, and we also expanded our processing business in Southeast Asia.
In short, it's like two people arguing and refusing to give in, but life must go on; everyone will always find ways to sidestep trouble and continue making money. No one can truly cut anyone off.