I saw this odd political report on N-TV last night, and it's been on my mind.
So journalists asked the Green Party Chancellor candidate (Baerbock) about Chinese imports to Germany.
Baerbock says (if Chancellor), she wants to pursue a 'tax/tariff' to all Chinese-made products. She says this would halt the 'dumping' of products in Europe.
To make this happen? You'd have to get the EU pepped-up and agree to make it a Europe-wide deal. Odds on this? Personally, I'd give it less than a 20-percent chance of occurring. The Chinese would put full force (bribes included) on various bigwigs of the EU, and stall this thing from proceeding.
But lets go a step further and suggest that the EU had guts and actually did this. What would then happen? I would speculate that you'd walk into a German drug store and virtually all of the aspirin offerings would then be 20-percent more expensive. Finding non-Chinese manufactured aspirin would be nearly impossible at this stage.
Yes, we'd all end up buying the same Chinese-products (fire extinguishers, brake-pads, bar-b-q grills, etc)....at a higher price. It might take a minimum of three years for some countries to step up and replace the manufacturing dynamic that China has.
It is nice chatter going on and at least Baerbock agrees that the amount of Chinese manufacturing now going on is ridiculous in the long-run.
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