• NoneOfUrBusiness
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      427 days ago

      No, it is not effectively an embargo. The reason American economic punishments work is because they impose penalties on countries and companies that do trade with embargo/sanction targets, so even though it’s only America attacking these countries Chinese, European and other firms avoid trade due to the threat of secondary penalties. Tariffs only work on American soil, so they have none of these secondary effects and the result will be that China will simply sell their stuff to someone else. To repeat, American embargoes work because they also prevent the target from simply doing business with someone else.

      • Lit
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        26 days ago

        China will still sell to America, the demand will still be there. Americans will just pay the higher “GST” (tariff) tax on the products.

      • @finitebanjo@lemmy.world
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        127 days ago

        Embargo means no more trade. Extreme high price means no more demands means no more trade. Effectively, at some point it becomes an embargo.

        Yes, China can sell elsewhere. That is also the case with a US Embargo. Idk why people are so dead set on not mincing this word.

        • NoneOfUrBusiness
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          327 days ago

          That is also the case with a US Embargo.

          It’s not. Look up the US embargo on Cuba.

        • @letsgo@lemm.ee
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          127 days ago

          No, increased prices never “effectively” become an embargo. An embargo is no sales full stop. Selling a single Polo mint for $500000000000000000 is still not an embargo.

          • Lit
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            26 days ago

            in fact at that price it become a status symbol, the manufacturer just need to make 1 sale. Or people will just travel to mexico to buy it cheap.