Fat hurts wrote:
agip wrote:
one of the main goals is to force china to respect intellectual property. china has been violating that one for a long long time and resisted all efforts to stop.
if trump can claim a win on that, it would be an actual win.
the irony of course is that the the trumper farmers (who are not stupid or bad people, flagpole), would not benefit - the people who would benefit are elite tech companies and some high end industrial companies. The farmers are hosed...they've lost those markets for a long time.
and beyond IP issues, China does dump products like steel and other things. meaning they use subsidized companies to create products at lower cost than a free market company could do...and then sell them. that drives the free market companies out of business, leaving just the subsidized chinese company...which then raises prices.
How would a bilateral deal enforce any of that? If Tiny made a deal where China agreed to stop dumping steel and stop stealing IP, would China really abide by the agreement? Aren't they supposed to be behaving now and the reason they don't is because we don't have any way to enforce the rules?
Serious questions. I know very little about international trade and I'd like to understand.
I'm starting to see why TPP was a better approach. At least then you get a large number of trading partners to enforce agreements. Am I right?
that was the point of TPP, yes - to unite a bunch of countries and force china to play fair. Dumb Republicans. And Dems...Dems are apparently against TPP now.
Anyway, a perfect bilateral deal would have some sort of teeth...china would stop forcing IP handovers in exchange for access to US markets. If CHina continued taking IP then they would have tariffs or be excluded from US markets.
That sort of thing.
The problem is that China has told multiple international bodies that it would play fair, but it never does. Chinese leadership exploits the fair trade system. I actually think that this trade war could end well if China realizes that the international community will actually use teeth to enforce fair trade.
The WTO has no teeth and takes years and years to make decisions.
