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Well, looks like they are trying to feed their own industry first.
I don't see this either shocking or surprising. China will do what is best for China, we do what is best for ...
What is best for China is peaceful coexistence and small concessions to incentivize trade and development of the world.
What China is doing is maliciously taking everything they can get their hands on until every bridge is burned, and by the looks of it they're ramping up military production to cross the river and keep taking.
Exactly the sort of shortsighted belligerent actions you would expect from a dictatorship.
I am not here to excuse China's behavior but this action appears to be part of the trade war that US and EU started... for valid reasons.
We do a lot to make other countries "uncomfortable", there is nothing special about Chinese behavior here per se.
Let's not forget that we enabled China's rise. People within western governments who committed this crime are not held accountable for this blunder.
Now they are gearing us for what appears to be at very least economic conflict but likely a war. This is very concerning.
FYI we don't do this btw
LMAO, China has been playing games with currency values and undercutting electronics manufacturers for decades.
In 1979, President Carter proposed a Trade Agreement that changed China to favored trader status with much lower tariffs across the board, and in return China agreed to a cap on textile output so as not to flood the market with cheaper goods than the USA was producing.
The 1980s saw even more favorable deals in exchange for similar restrictions as Reagan was eager to work with China.
Trade broke down in the 1990s over China committing crimes against their own people, broadcasted live across the entire world.
In 2000 President Clinton helped China enter the WTO to renew trade again.
And in return they spent the last 24 years shitting the bed, doing everything in their power to mess with any market they can, like sharks drawn to blood.
From my perspective it looks like US "spent the last 24 years shitting the bed" while enabling this behavior. Again, people who made these decisions are not held accountable.
Fuck china and all but poor leadership is primary reason why we are here... with china being a bad faith actor being no 2.