Quote:
Originally Posted by SecondFloor
I assume what you're referring to here is China's unfair trade practices - forced tech transfer and IP theft. I totally agree that China is a bad actor in the international economy. But the correct response to this is not to throw down tariffs (the cost of which is passed on to the American consumer), it's to work together WITH the international community to denounce China's unfair practices.
Like it or not, its a reality that the U.S. doesn't have the economic clout to bully China. China is expanding their trade network across all Asia and Africa - soon they will have plenty of markets to sell to outside of the U.S. But if a multilateral coalition of nations put up a unified front in the face of unfair Chinese trade (and plenty are willing) then it might actually put enough economic pressure on Beijing to change its strategy.
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That particular example yes.. But that's just one.. MANY counties enjoy duty free selling here in the US yet tax our exports to them.. Our cost of living is higher so the only way for our companies to make a profit is to also export the labor as well. How much of that can one country take? Trump wants EQUAL/FAIR trade.. That's it.. It's a FAIR ask.. You scratch my back, I'll scratch yours.... The REAL problem is these countries have become so accustom to having those tax/tariff dollars they don't know how to replace them.. It's not that they don't think it's fair.. They (the governments) just don't want to give up the money/revenue... So the only way to force them to do so is to hit them right back with the same. All of these US based multi-national corporations obviously don't like it because they've exported all of their labor and importing all their goods....