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Adam Tooze on the U.S., China, the Energy Transition — and Saying the Unsayable
Sinica Podcast
Creating a Level Playing Field in International Trade
In international trade, it is crucial to create a level playing field by ensuring that tariffs align with the subsidies received by manufacturers in different countries. This approach aims to facilitate fair competition and prevent one-sided advantages. Negotiations between regions like Europe and China can lead to market sharing deals, particularly in the electric vehicle industry. However, to avoid escalation, it is essential to refrain from actions that jeopardize diplomatic relationships, such as imposing sanctions on foreign parliamentarians, which can lead to significant roadblocks in ratifying agreements.
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