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It is part industrial policy and it is part economic war. The US hurts Chinese companies, whether it be Huawei or some crane manufacturer, with their export con
by chvid 2y ago
It is part industrial policy and it is part economic war. The US hurts Chinese companies, whether it be Huawei or some crane manufacturer, with their export controls and national security "concerns".
At the end of this, decades from now. Will it have been worth it? Will the US have created a bigger economic loss in China than the value of their own lost business (whether directly or indirectly by the local alternatives these policies foster)?
So far, the US has done massive damage, that is for sure, but ultimately, I am not sure how the tally will be.
- quonn 2y agoWhat you like to call an economic "war" is simply policy. Whether the policy is "There should be no barriers when trading with China" or it is "There should be many barriers when trading with China" - either way, decades from now. Will it have been worth it?
- bilbo0s 2y agoThis. People are calling this war and it isn’t. It’s competition in markets and strategy to facilitate gaining marketshare in different markets. And lo and behold, everyone wants to protect their own access to their own market. Not everything is a war. I can tell you right now, with the new administration will come new policies that will have a segment of people in the EU and UK saying “economic war”. But it’s no more war than immigration quotas are “war”. Let’s reserve that word for REAL war.
- chvid 2y agoI am surely not the only one calling it a "war". I mean there is very popular and influential book out there called "Chip War" for starters ...
- chvid 2y agoKeeping in the war theme; you see "war rhetorics" from US policy makers - in particular on the republican side (for extreme examples see Tom Cotton or Peter Navarro) but also in key figures from the Biden admin - for example Jake Sullivan: https://www.wired.com/story/jake-sullivan-china-tech-profile/ https://www.wired.com/story/jake-sullivan-china-tech-profile... The American Who Waged a Tech War on China China is racing to unseat the United States as the world’s technological superpower. Not if Jake Sullivan can help it.
- wumeow 2y agoPutting scare quotes around "concerns" is hilarious given all our major telecoms were recently pwned so hard by Chinese hackers that they still have access months after they were detected.