China-USA and EU-Russia prelude a trade war.Both sides have faults.
The USA:
- They will damage each others for the benefits of several companies that pushed our leaders to do this.
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Protectionism will cost us big this time. We still cannot compete in
solar panel technology with the EU and the prices from China.
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Retaliation will follow. It could be the action in the recent
retaliation from China and that is previous of the previous tariffs...
- Some of our big projects have to rise prices by a large margin.
China:
- Need to know the price limits. Lower the prices too much may not be smart.
- However, they should also raise the prices of rare earth elements to what the market can bear without serious competition.
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I
believe in free trade, but every one have to play it fairly. You do not
want to grow sugar cane in Alaska and do not want to dump the chicken
feet (a delicacy in China) to the ocean.
Product dumping could force the competitors out-of-business, then the violator raise prices. Microsoft is a good example.
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We need protectionism on cultures for example. Otherwise, the local film industries cannot compete with Hollywood.
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