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Old 1st Jan 2021, 17:27
  #750 (permalink)  
etudiant
 
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I'd classify 200% duties (on Australian wines iirc) as a vigorous 'political' response.
China is on its way to recovering its role as the producer of 40% of global GNP, after an almost 200 year hiatus.
They may have a slogan about political power growing out of the barrel of a gun, but they are quite aware that economic power is as potent, but more easily wielded and more flexible. They are using it effectively against the western 'coalition', as shown by the just negotiated EEC/China trade and investment agreement, which puts all the real issues off to further discussions, while giving China continued free rein, all because Germany is terrified that its auto industry, which is super dependent on the Chinese market, would face a calamity if China closed its borders.
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