Re:China quietly sets new 'buy Chinese' targets for state co...
by tablespoon on Tuesday August 03, 2021 @01:08PM
(#28051615)
> The ban on Huawei was a good 1st step, which should be followed with an protectionist approach to trade with China, as long as it refuses to act in good faith with the US.
That's a first step, but not a stopping condition, IMHO. I'd say it should continue until there's less ideological conflict (e.g. movement towards political liberalization instead of away from it).
> Post WW2 America knew what was up. They knew to export low-margin industries to nations they could tie up in stringent trade rules and had the militaristic asymmetry to enforce said rules. (They weren't necessarily unfair either)
More than that, it knew not to become too economically dependent/entwined with ideological opponents. IIRC, there were significant restraints on trade with the Communist Bloc (off the top of my head: CoCom, tying trade policy to human rights (Jackson–Vanik_amendment), and requirements that trade be conducted with hard currency (e.g. no credit)).
That's a first step, but not a stopping condition, IMHO. I'd say it should continue until there's less ideological conflict (e.g. movement towards political liberalization instead of away from it).
> Post WW2 America knew what was up. They knew to export low-margin industries to nations they could tie up in stringent trade rules and had the militaristic asymmetry to enforce said rules. (They weren't necessarily unfair either)
More than that, it knew not to become too economically dependent/entwined with ideological opponents. IIRC, there were significant restraints on trade with the Communist Bloc (off the top of my head: CoCom, tying trade policy to human rights (Jackson–Vanik_amendment), and requirements that trade be conducted with hard currency (e.g. no credit)).