3 ms·
It's kind of obvious isn't it? High-tech is human-made and humans are not in short in China and elsewhere. Tech embargoes are a huge favor for the receiving sid
by mrtksn 2y ago
It's kind of obvious isn't it? High-tech is human-made and humans are not in short in China and elsewhere. Tech embargoes are a huge favor for the receiving side, enforcing a creation of a market for competitors where your companies can't compete and tariffs make sure that your companies don't have to innovate much when your people are suffering.
- coliveira 2y agoYes, tariffs may work for small countries, Cuba being the classical example (even though it only worked in the sense of keeping Cuba poor). But using tariffs against a country the size of China is a complete non-sense that could only come from the minds of stupid US politicians. The fact that it didn't work at all for Russia, which has an economy many times smaller, should be an early warning.
- mensetmanusman 2y agoIf China wants lower tariffs, all they have to do is purchase more to reduce the trade imbalance.
- coliveira 2y agoHow would they buy more if the US gov is making this illegal? The Trump/Biden policies are only increasing the US trade deficit.