Wednesday, November 4, 2009

Chinese Mineral Mercantilism Called Out at WTO

Like their mineral interests in Africa and the Middle East, their steep export tariffs and the underlying policy that motivates them are worth paying attention to. Fortunately the US and EU are doing so, but this story isn't getting much play in the North American press.

It's worth paying attention to trade disputes with China more than with, say, Europe, because the EU is composed of parliamentary democracies (which make decisions which are rationally beneficial for larger groups of people, internal and otherwise) and with whom we have a military alliance. This is not the case with China; the game is different and the rules change accordingly.

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