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by PKop
402 days ago
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What do you think the point of rebalancing trade is? To get out of dependence on foreign suppliers. "China's economy, copmposed of massive domestic production, industrial capacity, and manufacturing inputs is in a stronger position" Yes, sounds like something that should be changed to increase the strength of the US. China has protectionist economic policy and trade barriers. If that equals strength why shouldn't we do it too? |
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Tall order to prove this. Does it actually equal strength? What is strength and does China actually have said strength? None of this is defined.
Additionally, China has economic policies that if the US followed would be very, like the games they play with their currency valuation for example. They also have stringent capital controls, many of their largest businesses are the government has a large slice of the ownership, they subsidize export corporations to a much broader degree etc.
Are you also arguing for those things as well? Because its not simply tariffs that mark the only difference in economic policy between the US and China
The other asinine thing is we implemented tariffs against all countries, without a plan, and without a definitive proven reason as to why. As many economists have pointed out, the trade deficit is very deceiving and does not equate to there being a problem for the US inherently.