Comments by "Paul Aiello" (@paul1979uk2000) on "Why the EU Wants a Trade War with China" video.

  1. Trade with other countries is always a balancing act, modern countries like the EU and US, can't compete with cheap labour countries if they have full on open trade with them, especially developing countries that are pushing into high-tech. If there was an open door policy, we'll find that a lot of industries in the EU and US would go bankrupt, mainly because the major advantage developing countries have is cheap labour and fewer workers rights and red tape, which gives them a big advantage over developed countries. So as much as we all like to have goods on the cheap, there needs to be policies in place to protect industries, until things level out, usually in the form of tariffs so modern countries have a better chance of competing. This is even more important now because both the EU and US wants to move a lot more production internally in key sectors of the economy and I think it makes sense for big powers like the EU and US to have key sectors of production, done back home for security reasons or, at the very least, with like-minded powers, so like the EU and US, whereas China is positioning its self a bit like Russia did with energy, not a good idea to be too dependent on that for any country. Still, it looks like both the EU and US have learned with Covid and now the war in Ukraine, to push a lot harder on the domestic market, or at the very least, trade more with friendly countries that are not likely to play games like Russia did on energy, basically, cut these corrupt countries out of the loop.
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