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Comment by pessimizer

4 hours ago

I'm sorry, but isn't this a job for tariffs? Tariffs are how you impose an artificial cost on some exporter who is using an unfair subsidy, whether slave labor, bad environmental regulation, non-enforcement of the intellectual property system of the importing country, etc... all the way down to simple direct subsidy and willingness to take a loss in order to ruin the importing country's domestic industry.

The fair, civilized way to deal with that is with tariffs. You don't argue, you just impose a tariff. They can counter-tariff and you say "see if we care you don't even import from us," or "maybe we thought we were tougher than we were, we can't even make magnets."

Instead, you get a bunch of grandstanding politicians talking about how unfair everything is, and don't do a thing about it other than whip up nationalist aggression between the two countries (that also offers economic opportunity in arming them.) Or, if that changes for a moment, and somebody sins against "free trade," the same people who were complaining about how China steals everything going: "but you can't impose tariffs, because then I couldn't import as cheaply from China!"

Tariffs only work if you have alternatives you can buy. China is the only reasonable source of procurement on the vast majority of goods in the world.