3 ms·
> Solving this is the primary purpose of the EU: unified single market. > China also big, unified. Correct. It is a goal of the EU, but practically speaking, i
by tgma 1y ago
> Solving this is the primary purpose of the EU: unified single market.
> China also big, unified.
Correct. It is a goal of the EU, but practically speaking, it isn't as nicely unified, and some reasons being inherent like the variety of languages.
China is much more protectionist and you can't sell into it from the outside easily. US tariffs don't even come close to their tariff and non-tariff barriers.
If you think of <20% tariff as Groupon discounts for US consumers buying a bunch of products together, it is likely a more than acceptable trade for many businesses.