China is using America’s own trade weapons to beat it
(www.economist.com)
from schizoidman@lemmy.zip to world@lemmy.world on 24 Oct 03:15
https://lemmy.zip/post/51605039
from schizoidman@lemmy.zip to world@lemmy.world on 24 Oct 03:15
https://lemmy.zip/post/51605039
cross-posted from: lemmy.zip/post/51604987
What makes export controls so powerful for China is its industrial heft. Its manufacturing output—35% of the global total—is threefold America’s and exceeds that of the next eight countries combined.
#world
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Worse, a lot of US manufacturing is dependent on products of China’s manufacturing output. Destin from SmarterEveryDay tried to make a BBQ brush in America with no foreign components. He couldn’t find chainmail made locally. He bought some supposedly Indian one which turned out to actually be made in China.
paywall
good article overall, well researched and well written, feels very balanced when reading it.