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by landryraccoon
3664 days ago
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Protectionist trade policy easily leads to wars. Banning goods produced with Chinese labor practices is tantamount to banning Chinese imports, which will have far reaching global implications beyond iPhones, and will increase military tensions greatly. Countries that don't trade find it much easier to start shooting at each other. On the other hand, free trade leads to freer exchange of information, ideas, and aligns the incentives between nations so that cooperation is more beneficial. Powerful economic interests on both sides will have strong incentives to pursue peace. If those incentives are removed, nationalistic forces and firebrands have less of a counterweight to pursue miltaristic or aggressive policies. As an example, think about the trade embargo against Iran. It was basically a declaration of war on Iran from the whole world. If the US institutes anything comparable with China it will be easily considered by China as an open act of hostility. This is how the Cold War 2.0 gets started. |
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The sanctions were are digression from international norms meant to coerce an equally disruptive violation of international laws - the covert production of highly enriched uranium and the illegal development of nuclear weapons.
The implementation of trade restrictions on Chinese goods would probably start a trade war, and another Cold War seems to me to be a plausible outcome. I agree with your conclusion on that point.