3 ms·
In the long perspective the Chinese market is the larger one with more people. Currently it makes sense for the US to be protectionist, in the long run the US m
by _Codemonkeyism 7y ago
In the long perspective the Chinese market is the larger one with more people. Currently it makes sense for the US to be protectionist, in the long run the US market is smaller and Chinese companies will benefit from the larger Chinese market.
This played out over 50y with the fragmented European market vs. the larger homogeneous US market. Starting in the US was (is) much more beneficial than starting in Europe (the language and culture issue here will never go away even when policy is more and more unified).