Comment by CGMthrowaway
11 hours ago
The reason why is because if they did China would retaliate and cut off cheap access to Chinese imports. That is the double edged sword of globalization the US and Europe are reckoning with today, in different ways
"China would retaliate and cut off cheap access to Chinese imports"
That still would come at a hefty price for china as that means no or way lower income for quite a lot of chinese companies and people.