But what happens when you need something more than they need to sell it? As in the case of China… steel, aluminum, titanium, food, machinery, computers, plastics, vehicles, or clothing… you know… those “couple of things” that we have collectively allowed China to make for us while pretending we’re all so green and the slave labor isn’t a problem.
India, maybe you can tax into compliance. Third world, maybe, but someone will scream it isn’t “fair”. But China? I’m skeptical we tax ourselves greatly and them effectively without them becoming the number one superpower and then doing as they please anyhow.
The CCP's entire domestic legitimacy comes from the economic growth that has come about since Deng took over. They need to keep the wheels spinning as much as the West does.