Jump to content



Photo

China built it's empire on protectionism


  • Please log in to reply
1 reply to this topic

#1 NAV

NAV

    Member

  • Traders-Talk User
  • 16,077 posts

Posted 06 March 2018 - 09:35 PM

Heck, they are not going to retaliate against U.S tariffs. Cuz protectionism has been their bread and butter.

 

https://www.bloomber...twitter-markets

 

And there's nobody complaining about China rolleyes.gif


Edited by NAV, 06 March 2018 - 09:36 PM.

"It's not the knowing that is difficult, but the doing"

 

https://twitter.com/Trader_NAV

 

 


#2 ryanoo

ryanoo

    Member

  • Traders-Talk User
  • 134 posts

Posted 08 March 2018 - 09:07 PM

All developing countries use protectionism to protect and grow their fragile industries.  India, Brazil, do it.  Trump did not pursue China's unfair (state subsidized) steel and aluminum production in a case that was already in WTO.  Instead he moves to hurt EU, Korea, Japan, ...  with this.  

 

"On Jan. 12, 2017, the Obama administration filed a case with the World Trade Organization that accused China of unfairly subsidizing aluminum producers and thus driving down global prices for the metal. But Mr. Trump’s trade representative, Robert Lighthizer, has failed to ask the W.T.O. to convene a panel of judges to hear the case, effectively suspending it."