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Why doesn't the EU impose trade tariffs, sanctions or embargos on China? China will continue to do this and laugh at the naiveté their victims. There's no rea
by sonnyblarney 8y ago
Why doesn't the EU impose trade tariffs, sanctions or embargos on China?
China will continue to do this and laugh at the naiveté their victims.
There's no reason for them to stop until there is one.
- tuxpenguine 8y agoI think the Norwegian farmer is depending on the Chinese to buy their Salmon fish. If the Chinese just stopped importing Salmon from Norway, a lot of people's livelihood is at stake.
- sonnyblarney 8y agoAnd Germans depend on machinery exports, and Airbus depends on exports etc. etc.. But there has to be a price, or the leveraging game will continue. When there is enough collective power they will waver as we can see in the current US-China negotiations. The trade balance heavily favours EU and the US and the materiality of that fact becomes evident as soon as someone has the cohones to play the card. Right now as China is facing an existential turning point with much lower rates of growth, is a good time to do it. And sooner is always better.
- Sabinus 8y agoAfraid of losing a large market. It's the same with Australia. OECD countries need to band together to respond to countries abusing global trade.
- Gustomaximus 8y agoEU is large enough they could do this alone. Or team up with US and really have some firepower. Things like this is the point of the EU, not creating swaths of regulations about how much or little banannas can be bent. A place like Australia (alone) could never stand up to China. They would be too willing to make an example of a small country that crosses them. China trade comes with huge amounts of political pride and convenience. Even if Australia joined forces with a larger block we risk being g made an example of like that general saying he would sink an Australian ship to send a message to the US.
- rbg246 8y agoAustralia is part of ANZUS, which means if China attacked Australia, the US would be obligated to intervene https://en.wikipedia.org/wiki/ANZUS https://en.wikipedia.org/wiki/ANZUS
- Gustomaximus 8y agoObliged by ANZUS, but would they really? I feel in the past countries would stick to their commitment for the bigger picture. Now, not so sure. I wonder if they would weigh pros and cons and decide to withdraw or not.
- rbg246 8y agoIf it aligned with their national interests, yes and generally US and Australian interests do align
- simula67 8y agoThat link says that the treaty is non-binding
- thisgoodlife 8y agoTrump would ask Australia to pay for the intervention.
- sonnyblarney 8y ago"OECD countries need to band together to respond to countries abusing global trade." Funny enough this was what the WTO was supposed to be for.
- ancorevard 8y agoNorway or the others in the EU simply do not have the courage. They do not take responsibility, and just hope that this thing goes away by it self.