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About the only thing I agree with Donald Trump about is that we should be more aggressive with China. They're clearly protecting their domestic industries very
by api 10y ago
About the only thing I agree with Donald Trump about is that we should be more aggressive with China. They're clearly protecting their domestic industries very aggressively via tactics like the Great Firewall and subsidizing of domestic companies, but any protectionism on our end would apparently be a trade treaty violation. Very, very unfair. But nobody wants to challenge it because too many American companies are still getting rich off cheap labor in China.
- adventured 10y agoIndeed, most of their big industries are heavily owned and controlled by the government. It is interesting how the WTO has allowed China's eg heavily state controlled and owned steel producers to endlessly dump below cost with zero consequences. The same thing is going on in several other industries at the moment.