4 ms·

If you owe the bank $10k, the bank owns you. If you owe the bank $10b, you own the bank. Sanctions against China would be fairly painful for the rest of the wo

• est31 7y ago
  Sanctions are always painful to both sides. But it's usually one coutry vs most of the rest of the world. Each country only cuts off ties with that one country, so the relative impact of that action is small. The sanctioned country has its ties cut off by most if not all trading partners, culminating negative effects and adding some synergies on top, yielding a big impact for that country.
  • dflock 7y ago
    > Each country only cuts off ties with that one country, so the relative impact of that action is small Right... that's my point: the relative impact of cutting off ties to China would be pretty large, given that it's the worlds factory. They would be worse for China, but more painful for everyone else than existing sanctions.
• expressrunning 7y ago
  Sanctions against Russia didn't have much impacts on European/US consumers. Tariffs against China didn't have much impacts on European/US consumers. You get the idea.
  • dflock 7y ago
    > Sanctions against Russia didn't have much impacts on European/US consumers. Russia isn't an export/manufacturing powerhouse, unlike China. The one thing that Russia does export that EU consumers are about - oil & gas - isn't subject to sanctions.