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China is in default on a trillion dollars in debt to US bondholders. Will the US force repayment? (thehill.com)

submitted 2 years ago by [email protected] to c/[email protected]

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Now that the relationship with China has soured and the People’s Republic of China has become the greatest adversarial threat to the U.S. and Western security, policymakers should revisit thi…

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[–] dystop 2 points 2 years ago (1 children)

Trump did an unexpected piece of damage when he started his trade war.

And that's why economists all agree that trade wars are bad.

And we are not the types to sit out a fight anymore, getting smacked with that error twice in the last century taught us our own valuable lesson, sending us into an overcorrection in the other direction. We do the whole intervention thing now, often.

Well... I would argue that the US has been pretty good at avoiding confrontation. Obama should have done more to stop North Korea. Obama, Trump and Biden collectively aren't doing much about the militarisation of the South China Sea.

[–] [email protected] 3 points 2 years ago

IMO the problem really got rolling with President Bill Clinton gave China most favored nation trading status, eliminating a lot of barriers for US business to ship jobs and production to China. The hope at the time was that a country that became Capitalist would always become a Liberal Democracy. That prediction was very, very wrong.