Timothy Wilson2 said:Look, there’s really no point in trying to reinvent the wheel here; the US and Europe just can't afford to let cheap Chinese goods run wild and compete head-to-head with local products on the open market. We honestly can't afford that kind of luxury, so the West has to step up and protect its own goods, its own brands, and its own manufacturers. If we don't, American workers are looking at a guaranteed wipeout of their market share, especially since they can't possibly compete with that Asian production—which, if you think about it, is actually being fueled by money from American and European capitalists.
I mean, seriously, how are you even supposed to invent trade barriers in a true free market?
At the end of the day, cheap goods did exactly what they were supposed to do, and that's how China won this "war."
It looks like we might be heading toward a trade war over high-end luxury goods next.
It isn't even a struggle for China to just buy up a bunch of European brands and move all the manufacturing over to China, right?
They're basically turning the European Union and the USA into nothing more than a customer base.
It’s honestly wild that this whole process, which has been grinding along since the 80s, didn't show its face sooner, don't you think?
Where were all those famous economic theorists and Nobel laureates when it actually mattered?