Re:Trade War Has Damaged U.S. Chip Industry
by tynpeddler on Friday June 28, 2019 @11:54AM
(#20305629)
As always, context matters. The shear scope and scale of China's protectionism, coupled with their flagrant disregard of international norms and aggressive, state sponsored campaign of industrial espionage is simply breathtaking. China has been waging a trade war for 20 years, it's time for everyone else to respond.
"National Interest" is the key phrase, and the US has similar protective barriers in key industries. Food security is one such area that the US protects, and to that end, it provides a lot of agricultural subsidies preventing a lot of foreign farmers from entering the American market. The pearl-clutching when China does the same in their national interest is lacking in self-awareness.
The US agricultural subsidies have interesting first- and second-order effects (cheap corn syrup, obesity and corporate farm consolidation) - but I digress.