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This article reminds me of the mini-trade war between Uruguay and Brazil in the 1990s (I was very young so I don't remember exactly when it was). Brazil decided
by todipa 7y ago
This article reminds me of the mini-trade war between Uruguay and Brazil in the 1990s (I was very young so I don't remember exactly when it was). Brazil decided to close the land border for 2 weeks. In the meantime, Uruguay's dairy exports sat on the border waiting... The products expired, and the government had to bail out the milk cooperative.
They still had a free-trade agreement.
Agreements don't mean anything except in the US, Canada, parts of the European Union, Japan, Singapore, Australia, and a couple of other countries.
Non-tariff barriers are way pretty effective in slowing trade:
US could easily block any food imports until pests are no longer an issue in Chinese food supply chain.
https://www.cnbc.com/2019/05/08/voracious-pest-threatens-chinas-crops-could-boost-need-for-imports.html https://www.cnbc.com/2019/05/08/voracious-pest-threatens-chi...
US could easily block any products from factories that haven't passed US safety inspections.
https://www.reuters.com/article/us-health-pharmaceuticals-china/eu-officials-clash-with-chinese-firm-on-drug-factory-inspection-idUSKCN1LS25J https://www.reuters.com/article/us-health-pharmaceuticals-ch...
- radicsge 7y agoparts of the European Union (?) This is new, any explanation why parts of? I would say the developed countries (before China). China is the first where ethic is not a virtue... unfortunately.
- HillaryBriss 7y ago> US could easily block ... But does the US even have enough inspectors and inspections, enough bureaucrats, enough reliable data about all those factories and farms and goods? The fact is that the US doesn't even know what's being imported.