China's Zero-Tariff policy for developing countries vs US "Reciprocal" Tariffs
China's Zero-Tariff policy for developing countries vs US "Reciprocal" Tariffs
17 comments
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From December of last year, China eliminated its tariffs on 43 countries listed as least developed by the UN
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- The Atlantic: The Chinese ‘Debt Trap’ Is a Myth | The narrative wrongfully portrays both Beijing and the developing countries it deals with.
- Multipolarista:
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Belt and road isn't exploitative, but I'm curious where you heard that it was.
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The purpose of BRI is to industrialize countries and build up new customers for the products China makes. They are doing it for their own benefit, sure, but it isn't done in a manner that's exploitative. Compare that to Western Countries, where brutal IMF loans come with requirements to sell off and privatize nationalized industries and resources (commonly oil or rare Earth), and claims of exploitation from China are merely there to protect the validity of the Western IMF loans. After all, why would anyone take a Western loan if the Chinese loans and programs are usually on much better terms? You'll find that the Global South is quite aware of this and is thus turning from the West and towards China.
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Just to remind people, most sane countries do this for soft power. You want influence and dependency on your markets, it's way way better than whatever short term gain you get from taxing you own people for imports.
Same for USAID, it's in all competing countries to fill that void and gain that goodwill since it also makes you safer and less prone to terrorism or influx of migrants at your doorstep.
Edit, I should add China is one of the more aggressive tarrif countries on developed countries, but even that's stuff like 6%, not fucking 30%+, plus they have more strategic reason to do so.
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USAID was a tool to destabilize opposition not stabilize it. It is one of the primary causes of migrants.
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