2 ms·
It also shows that starting trade wars is not a great idea, if you may need the other country's resources in unforeseen future emergencies.
by megous 7y ago
It also shows that starting trade wars is not a great idea, if you may need the other country's resources in unforeseen future emergencies.
- simonh 7y agoThe argument for trade wars is that it encourages more local manufacturing and independence. That doesn't seem to be what's happened so far in the current dispute between China and the US though. I suspect this is because the trade dispute has introduced so much uncertainty that nobody is willing to make long term investments in infrastructure and capacity, based on what may well be a temporary and constantly changing situation.