3 ms·
The way the Chinese roughshod foreign companies is blatantly anti-WTO and anti-trade. I witnessed this while working at a large Canadian company. China has on
by sonnyblarney 8y ago
The way the Chinese roughshod foreign companies is blatantly anti-WTO and anti-trade.
I witnessed this while working at a large Canadian company.
China has one leader and they speak with one voice - and they have divided and conquered the West, which speaks with a thousand voices i.e. politicians, businesspeople, academics to the point wherein if anyone tries to say anything against China, they are shut down.
Remember when 'Tibet' was all the rage in Hollywood at the turn of the Millennium? Well they shut up pretty quick, didn't they? This has happened everywhere. You just don't find a lot of critical voices about China because someone is always applying pressure (i.e. advertisers etc.)
China is acting in rational self interest, and the number of people being brought out of abject poverty there (and elsewhere) is a very good thing, but because they've been able to do this since the dawn of the new era i.e. 1980's, things like IP theft, and direct governmental support of competitive entities is 'normative'.
I personally loathe Trump, but trade issue with China have to be resolved, and it's really sad that he's the only leader in the world it seems that is in a situation to do at least something about it.
The West has to work together to end particularly the IP rip-off scenarios, or it's not going to work.
I actually think China, during this current period of transition would be better off in a more level playing field, one suited for their participation in the world economy, as opposed to the current setup, which is suited to them being a 'developing economy' of previous decades.
There should definitely be a tit-for-tat tax on goods from China given some practices there, I very well understand the ostensible damage from tariffs, but as soon as you have to 'internalize' all those things that are externalized in China, many tariffs make sense.
The great risk is that China could actually be truly damaged (likely worse for regular folks than for the elite), worse, go into a recession, which would burst the fragile 'rest of the world' situation and we'd have a global problem.
In the grand scheme of things, it's better that China 'blinks' in this game, and uses the opportunity to institute some reforms that simply have to happen if they want to play on the global stage. You see this happening more formally with currency; because currency issues are more directly measurable, China has no choice but to reform of they want the RMB to be used in certain ways globally. But on trade ... it's more grey.
Now that Trump has fired a volley, it's possible that the EU may find a way to do the same thing, in a more politically nice kind of way - funny enough even though the US is in a 'trade war' with Canada, Europe, UK etc., behind the scenes, they are all already working with Trump on the China file, it's just not highly publicized for obvious reasons.
- Eridrus 8y agoI agree that China has not been a good actor trade-wise, and pressure should be applied, but I'm utterly unconvinced that Trump understands the situation well enough to get them to actually do anything. He put tarrifs on Canadian steel ffs, I'm not sure how he can succeed in China when he fucks up relations with our allies like this.
- topmonk 8y ago> He put tarrifs on Canadian steel ffs Doesn't Canada put tariffs on the USA? Aren't they also “fucking up relations” with us as well?
- sonnyblarney 8y agoThe USA started a trade war by putting tariffs on stuff that's not allowed via NAFTA. The US being 10x larger than Canada always has the upper hand in trade negotiations.
- Eridrus 8y agoTrump made the claim that we must introduce these tariffs on national security grounds, because that is the authority he is using to impose these tariffs, which is an additional slap in the face to our allies. Trump is probably lying about this, but I've heard the same national security rhetoric used with a straight face by commentators in Australia as a reason to put tariffs on imports, and it's a bad path to go down. Our allies already see us as unreliable now - Germany is considering whether they need nukes now that they can no longer trust us. And lying about the reasons is basically negotiating in bad faith. Tariffs by themselves are not the issue here.