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> What you said has nothing to do with whether we should be a doormat for China's unfair trade practices. If you're really concerned about the wellbeing of the
by pm90 9y ago
> What you said has nothing to do with whether we should be a doormat for China's unfair trade practices. If you're really concerned about the wellbeing of the poor I don't understand how, in this context, you could be more upset at American corporations than you are at Chinese corporations.
I thought the point you were making was that it is not possible to have enough resources ("pie") to benefit all Americans (rich and poor) unless the "unfair trade practices of China" were somehow reigned in. So it absolutely has everything to do with trade. If there is already more than enough wealth (which I argue there is) and the problem is one of unequal distribution of it, then trying to tweak trade seems like an suboptimal strategy.
> I suspect you and I feel similarly about Trump. I don't have particularly strong feelings of support for these tariffs, but it's been clear to me since the 80s that we needed to fight back in the trade war China has been fighting against us since then. There aren't a lot of levers to pull here, there's tariffs, sanctions... I dunno what else. The biggest problem with these tariffs is the fact that it's unilateral. Stuff is fungible so it's stupid unless we can get the rest of the world to participate and push China to behave.
China has made the jump from developing to developed in a shockingly short period of time. In the process, they have managed to mostly solve the problem of providing food to millions of Chinese and also providing a path to middle class for the same folks. I don't agree with authoritarianism and Chinese trade policies either; but to characterize that as a trade war is being much too hyperbolic. They are and always have been protectionist; every developing economy is. The reason previous US administrations didn't impose tariffs weren't because they weren't brave enough or never thought of them, its because the worldview was that once China made the transition to developed country, it would gradually loosen the protectionism as well.
And I don't think any country will join with the US on anything significant with this caustic and highly incompetent POTUS ripping up longtime diplomatic goodwill with allies and heaping praise on authoritarian rivals...