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Every trading relationship will favour the stronger side. EU and China in particular have been far more aggressive than the US has in pursuing their interests
by threeseed 3y ago
Every trading relationship will favour the stronger side.
EU and China in particular have been far more aggressive than the US has in pursuing their interests against smaller countries. Australia in particular has been subject to unprecedented economic coercion and manipulation by China. It's not pretty.
But still trading ultimately does benefit both sides.
- roenxi 3y agoYeah, for example China's position of overwhelming strength vs. weak little USoA meant that China's wages have risen by an order of magnitude and their technology catapulted into the present century, building them in to the world's largest economy. China has gotten far more out of trading with the US than the US has, and that is accounting for the significant amount of free stuff that China effectively donated to the US in exchange for worthless paper. Trade relations favour the side who adopts the most liberal economic posture.