Another country will be tolerated for outsourcing manufacturing, but not for competing on the same league.
When it reaches that level, the hypocritical talk about "free trade" (which was used against others countries trying to protec their markets) gives way to taffics and trade war rhetoric.
Same concerns where in vogue in the day with the Japanese. But the China is quite more powerful to be pressured to sign the equivalent of a Plazza Accord.
Another country will be tolerated for outsourcing manufacturing, but not for competing on the same league.
When it reaches that level, the hypocritical talk about "free trade" (which was used against others countries trying to protec their markets) gives way to taffics and trade war rhetoric.
Same concerns where in vogue in the day with the Japanese. But the China is quite more powerful to be pressured to sign the equivalent of a Plazza Accord.