No it’s not, The US and allies control WTO, and China was only allowed trade on WTO terms after they accepted to follow the WTO standards, basically designed by USA like for instance respecting copyright and patents. Chinese foreign trade was absolutely controlled by the “west”, and American politicians have openly stated how they need to prevent China from expanding their influence. Which obviously regards both economy and politics.
Regarding Vietnam I’ve heard many places that Vietnam absolutely want to remain/increase independence from China, and they worry China has too much power in the region. So the phrase “In Asia, countries such as Vietnam hoped expanding trade with the U.S. would allow them to wriggle out from under Beijing’s thumb.” Seems justified to me from what I’ve heard.
Of course they also want to remain on friendly terms with China, but they probably don’t want to be too dependent on a single country.
The US and allies control WTO, and China was only allowed trade on WTO terms after they accepted to follow the WTO standards, basically designed by USA
That means nothing, anymore. Those standards are meaningless, China holds most of cards, now. Any attempts to reign in China have been half hearted at best, and often undermined by the US itself. As tough as people have tried to sound in their rhetoric about China, the fact is American corporations and consumers continue to do business with them because it’s just too good of a deal for them.
and American politicians have openly stated how they need to prevent China from expanding their influence.
Well, they have failed, spectacularly, and that was true LONG before even Trump’s first term, let alone these tariffs.
No it’s not, The US and allies control WTO, and China was only allowed trade on WTO terms after they accepted to follow the WTO standards, basically designed by USA like for instance respecting copyright and patents. Chinese foreign trade was absolutely controlled by the “west”, and American politicians have openly stated how they need to prevent China from expanding their influence. Which obviously regards both economy and politics.
Regarding Vietnam I’ve heard many places that Vietnam absolutely want to remain/increase independence from China, and they worry China has too much power in the region. So the phrase “In Asia, countries such as Vietnam hoped expanding trade with the U.S. would allow them to wriggle out from under Beijing’s thumb.” Seems justified to me from what I’ve heard.
Of course they also want to remain on friendly terms with China, but they probably don’t want to be too dependent on a single country.
That means nothing, anymore. Those standards are meaningless, China holds most of cards, now. Any attempts to reign in China have been half hearted at best, and often undermined by the US itself. As tough as people have tried to sound in their rhetoric about China, the fact is American corporations and consumers continue to do business with them because it’s just too good of a deal for them.
Well, they have failed, spectacularly, and that was true LONG before even Trump’s first term, let alone these tariffs.