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China is not playing by the same rules that the US or any other western country is. They don't believe in free trade, they have heavy restrictions on imports an
by makomk 9y ago
China is not playing by the same rules that the US or any other western country is. They don't believe in free trade, they have heavy restrictions on imports and exports out of the country, money transfers to other countries, and foreign investments, they effectively block non-Chinese internet services, and of course all of this has astounding levels of government subsidies.
- mynewtb 9y agoWhat rule was it again that allowed the US to declare war on Iraq in 2003?
- sorokod 9y agoUS belives in free trade?
- jryle70 9y agoUS has trade deficit to most of its largest trading partners: https://en.wikipedia.org/wiki/List_of_the_largest_trading_partners_of_the_United_States https://en.wikipedia.org/wiki/List_of_the_largest_trading_pa... There is no such thing as completely free trade, as long as tax and regulation exist, US or anywhere. At least the US believe in the benefit of global trading
- sorokod 9y agoLike with south Korea? https://www.washingtonpost.com/news/wonk/wp/2017/09/02/trump-plans-withdrawal-from-south-korea-trade-deal/ https://www.washingtonpost.com/news/wonk/wp/2017/09/02/trump... EU? https://www.theguardian.com/business/2017/jun/05/hopes-of-eu-us-trade-agreement-put-on-ice-say-brussels-sources https://www.theguardian.com/business/2017/jun/05/hopes-of-eu... Canada and Mexico? https://www.theguardian.com/us-news/2017/aug/27/donald-trump-camp-david-nafta-mexico-wall-canada https://www.theguardian.com/us-news/2017/aug/27/donald-trump...
- jsjohnst 9y agoTrump is not "the US". He's just the current chief clown. When those proposals he's making become real, then you have a point and we are really screwed.
- TheAdamAndChe 9y agoTrump was partially elected as a reaction to globalization hurting lower and middle class jobs. His proposals may not be policy yet, but the fact that he was elected on an anti-globalization platform should shake peoples' faith in the direction of US global trade.
- sangnoir 9y ago> and of course all of this has astounding levels of government subsidies. You might want to look up "US farming subsidies."
- makomk 9y agoMost developed countries with any sense have farming subsidies, because it turns out that actually being able to feed your population without relying on imports is rather strategically important if war ever breaks out. (This is a lesson that Britain in particular learnt the hard way.) China on the other hand subsidises approximately the entirety of their successful commercial sector.
- sangnoir 9y agoSince you agree that subsidies are a tool to promote a country's self interest, how can you deny that these are 2 sides of the same coin.