U.S. President Donald Trump has threatened to impose far larger tariffs on the European Union and Canada if they work together to combat trade tariffs.
But that only takes into account the time when China started their shift into manufacturing. China has been THE dominant manufacturer for at least 20 years now. So we shouldn’t judge by today, but should judge by their rise to dominance.
Plus having a distribution of countries to use as manufacturers allows for specialists to emerge, likely speeding up their individual adoption of the role they choose.
And why would China cooperate with their own exclusion from the world market? And even if they chose economic suicide, why would their assistance be required for other countries to become manufacturers?
But that only takes into account the time when China started their shift into manufacturing. China has been THE dominant manufacturer for at least 20 years now. So we shouldn’t judge by today, but should judge by their rise to dominance.
Plus having a distribution of countries to use as manufacturers allows for specialists to emerge, likely speeding up their individual adoption of the role they choose.
And why would China cooperate with their own exclusion from the world market? And even if they chose economic suicide, why would their assistance be required for other countries to become manufacturers?