Small nations trading with China became tributaries; that’s ending, so China dumps goods. Gregory Copley, ISSA

May 13, 2020, 03:32 AM
Image:  Mural from the Qianling Mausoleum in Shaanxi, 706. Tributary envoys are being received at court. The bald man in the middle is from the West and the man to his right is from Korea. 

Gregory Copley, International Strategic Studies Association; in re: A boisterous US economy  has been slowed to stopped; Chinese non-transparency seems to b ___.  There’s no such thing as wholly free trade. Since China came to dominate the global supply chain, subordinate countries have become dependent on China, which can dictate. Their sovereignty has been compromised. De facto tributaries to Beijing.  The global pandemic has put an end to that; Beijing can’t exercise suzerain power.  When there was a global currency,  . . .  What saves society is in a sense sovereignty and nationalism.  . . .   In Europe,  because of the euro, Germany was able to dictate much in the same way Beijing has.  Tariffs become essential when you need to build domestic self-reliance; the problem is you have to be sure they don't dampen internal efficiencies.  Management of trade.  The USSR did this extensively; made sure they were trading within their own economic zone. Subject to loyalties.  US and China have reasons to trade, esp China needs foodstuffs. If you control the trade, then you have political and strategic power. If you continue to dominate, that’s what’s [unethical?]. China is not a helpmate but a foe.  China will dump goods to prevent others from strengthening their manufacturing capacities.  Australia will help correct China’s bad acting, but will suffer from that.