The European Commission chief said she was “convinced that if the competition is fair” from China, then Europe “will have thriving durable economies”. But she said the “imbalances” caused by state support for Chinese industry leading to cut-cost products threatened jobs in Europe, and that was “a matter of great concern”. “Europe will not waver from making tough decisions needed to protect its economy and security,” she said.
Well, it sounds like China knows a little more about the economy than we do then. Maybe we should do the same thing here. Consumers would be happy if they had cheaper products.
China doesn’t care as much about regulations. They’re okay with massive pollution and slave labour. Do you want to live with that massive lower quality of life to produce cheap products you still can’t properly afford because your wages have been cut? There is a tricky balance to keep China as our personal factory and not lose our ability to afford the things they make.