Functionally, I agree with you on China in many respects. Ultimately no trade with them is really free trade regardless due to the way they manage their own economy. The problem with Trump in this regard is that he didn’t just call out China. He called out everyone, starting trade wars not just with China, but Mexico, Canada, more general sweeping sets of tarrifs, and also weakening our alliances separately. And this is a big deal if one actually wants to take on China economically. A big block of allies all getting into a trade war with China would have a substantially higher chance of success than the US just going it alone. Instead it was just us vs them and nothing really came of it. The cold war was not just US vs USSR. It was the western bloc vs the eastern bloc, and all other allies those groups picked up along the way. And any geopolitical fight between entities the size of China and the US would need to be carried out similarly to be successful.
To the final point on whether free trade is worth it, that’s a decision that can be made. But it is a decision, and would have pretty extreme effects on the US’s standing on the world stage, along with tons of other knock on effects on how the economy works. Whether that’s a trade off that’s worth it is a much more complicated discussion, but certainly far from simple.
To the final point on whether free trade is worth it, that’s a decision that can be made. But it is a decision, and would have pretty extreme effects on the US’s standing on the world stage, along with tons of other knock on effects on how the economy works. Whether that’s a trade off that’s worth it is a much more complicated discussion, but certainly far from simple.