Comment Comment by Over2Chars Government regulations (like not polluting the water or forcing your workers into 40 hours a week of unpaid overtime) may be part of it. But China has been known to "dump" commodities into foreign markets to destroy those marketsHere's one random article I quacked, and this issue has been going on for years it ain't new: https://edition.cnn.com/2024/03/28/business/china-goods-expo...China has also devalued its currency to facilitate this dumping spreeAnother random quack (more on the how than history, but the impacts are detailed) https://gbtimes.com/how-does-china-devalue-their-currency/So the narrative that "the US is choking itself with silly regulations and can't compete as a result" is a pure fiction afaict. parent Over2Chars 1 year ago
Here's one random article I quacked, and this issue has been going on for years it ain't new: https://edition.cnn.com/2024/03/28/business/china-goods-expo...
China has also devalued its currency to facilitate this dumping spree
Another random quack (more on the how than history, but the impacts are detailed) https://gbtimes.com/how-does-china-devalue-their-currency/
So the narrative that "the US is choking itself with silly regulations and can't compete as a result" is a pure fiction afaict.