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Could you elaborate more on why you think China is being a bully, as opposed to responding to a trade war they didn’t start? Or why you think they don’t realize
by andrewksl 7y ago
Could you elaborate more on why you think China is being a bully, as opposed to responding to a trade war they didn’t start? Or why you think they don’t realize the nature of their relationship with the US?
- drak0n1c 7y agoChina has always had incredibly high tariffs on US goods, strict nationality limitations on investment and ownership, and many industry-wide bans that prevent US companies from even competing. Latest moves by the US, despite the bluster and media narrative, are essentially reciprocal and even with the latest hikes are still no where near the barriers that China imposes.
- bduerst 7y ago>China has always had incredibly high tariffs on US goods Before the trade war, which US goods had tariffs in China and how high were they?
- socrates1998 7y agoCars are a big one. But, also, just by keeping their currency low compared to the US Dollar, the Chinese put a naturally high tariff on everything. The Chinese, by being labeled a "developing country" in the WTO agreement are allowed to have unequal tariffs on imported goods. Really, it's not one thing with China, it's a list of problems: 1) Artificially controlled (and low) currency, making Chinese goods cheaper than American goods. 2) Specific tariffs on American goods (cars) 3) Industrial espionage of technology (Huawei) 4) Trademark theft (Apple and other luxury brands have literally fake stores all over China) 5) Intellectual property theft (DVD's, movies, ect..) 6) Geopolitical rivals. They often refuse to cooperate with US led efforts around the world. 7) Domestic Chinese political oppression. China is a police state and getting worse. I think Americans are finally done with it. Why should we put up with all this? For cheaper cell phones? What we can get from China, we can get from other countries without all the bullshit.
- chillacy 7y agoWe'll trade with someone else, they'll slowly get richer, we'll say they were cheating us, and the cycle will continue. Happened with the Japanese, the Germans (in the UK), the Americans (UK), etc.
- socrates1998 7y agoChina has violated the WTO agreements for a decade and a half. There are countless examples of industrial espionage as well as trademark theft. The Chinese refuse to do anything about it. Americans finally wised up to this and the Chinese are now scrambling to find a solution, but the CCP has painted themselves into a corner. Any concession to the US will be seen as an ultimate slap in the face to Chinese pride. The CCP has propped up it's legitimacy by blaming all their problems on "foreign influence". The US and the Japanese being the main two antagonists. Well, if you tell your people that the US is fucking you, then you give in to them, then that makes you look weak and ineffective. And it will hurt the CCP's political situation very badly.