Re:White House announces 25 percent tariff on Chinese tech g...
by TooBrokeToBeg on Friday June 15, 2018 @05:55PM
(#17323955)
> the TPP followed by multilateral action to punish China.
So subserving the US to a more ludicrous IP extension (both in duration and power) from less totalitarian (than china) nations (but still more than the US) is the solution? Laughable and misguided.
- China's labor prices are increasing faster than they are in the US. So fast in fact, people are automating factories in China and/or moving factories to other countries.
- Every country _except_ the US will continue to buy those goods at the real market price.
- This is just exporting US jobs to Mexico/Canada who will assemble and import into US via NAFTA. That is the best case.
- Worst case this sets off a permanent trade war with China and the US is forced to sever ties with every potential "cut out" through which trade can flow. The US would need to knife all of its allies in the back and impose these tariffs on all nations for this to actually work.
- The correct response to China's behavior was the TPP followed by multilateral action to punish China.