Comments by "Mister Big" (@misterbig9025) on "How China is Disrupting Global Markets" video.
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USA
1. Subsidies to Domestic Industries
The U.S. provides subsidies to its agricultural and manufacturing sectors, making domestic goods cheaper and more competitive in international markets, which undermines foreign producers.
2. Tariff and Non-Tariff Barriers
The U.S. imposes high tariffs on certain imported goods and uses non-tariff measures like stringent safety standards to restrict foreign competition.
3. Intellectual Property Enforcement
Strict IP enforcement and lobbying for international adoption of U.S. standards have been criticized for favoring American corporations while disadvantaging foreign innovators.
4. Extrajudicial Sanctions
The U.S. imposes economic sanctions on other countries, often unilaterally, which can disrupt global trade and penalize companies doing business with targeted nations.
5. Manipulation of International Trade Rules
The U.S. has been accused of using its influence in the World Trade Organization (WTO) to push for rules that disproportionately benefit American businesses.
6. Currency Policies
Although less frequent, accusations of using the U.S. dollar's global reserve status to manipulate trade advantages persist.
UK
1. Colonial Trade Policies
Historically, the UK exploited its colonies by enforcing trade monopolies, extracting raw materials, and dumping finished goods at the expense of local economies.
2. Preferential Trade Agreements
The UK has been accused of negotiating trade deals that disproportionately favor British industries while limiting benefits for developing countries.
3. Subsidizing Agriculture
Like the U.S., the UK subsidizes its agriculture sector, creating an uneven playing field for foreign farmers.
4. Blocking Market Access
Through complex regulations, the UK has been accused of blocking market access for foreign products, particularly from developing nations.
5. Post-Brexit Trade Disruptions
Since Brexit, the UK has imposed regulatory barriers that some EU members and other trade partners see as unfair and protectionist.
6. Trade Imbalance Exploitation
Critics argue that the UK has leveraged its historical economic dominance to maintain trade imbalances with former colonies and less-developed nations.
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