How exactly. The US was setting up TTIP until Trump ditched it. The obstacles now are things like cleaning standards for chickens and GM crop etc. The EU expects everyone to dance to their tune on standards basically and usually they get away with that with smaller entities but the US is a larger economy and has to be negotiated with on level terms.
The Inflation Reduction Act of 2022 contains $500 billion in new spending and tax credits. In this article we take a closer look at what's in the IRA.
www.mckinsey.com
Maybe making your economy dependent on dictatorships is a bad idea huh??
China is well aware of what will lead to sanctions. The nightmare scenario right now is China invading Taiwan and DPRK invading ROK simultaneously.
Yes, it's a major European problem. But you can see where things are headed now.
Doom and gloom.
That's not the current trend in relations, but you never know, if there are enough dumb people supporting dictatorships, you might end up making yourself correct.
It has nothing to do with our relations with other countries. India is too big and its potential is vastly greater than America's. Can't remain the top dog if there's a puppy around that's gonna grow into a dog that's 4 times bigger now. So kill it while it's still young. That's how the US operates.
Wait, Japan has destroyed its economy?
The US started the process with a trade war in the 80s, then Japan messed up trying to beat it. They call it the Lost Decades.
en.wikipedia.org
Since geopolitics trumps trade, and are dependent on American protection, they couldn't do anything about it. They have stagnated since. They have basically lost 3 decades of growth. In 1995, they were at $5.5T vs America's $7.5T. Today they are at $4.3T.
History doesn’t repeat itself, but it often rhymes
medium.com
Basically, while pressuring the SU by outspending them, the US also concentrated on killing Japanese businesses. Unluckily for the SU and Japan, both were dependent on exports, so one imploded, the other exploded.
That's how the US won the 20th century.
Russia today has made itself import independent, so it's safe from sanctions. China and India are still in the process of doing it. In case, it succeeds, say by 2035 or so, then both will be insulated from sanctions as well.
