I’m reading Long Twentieth Century and Arrighi talks about how America didn’t succeed by just becoming the next Britain, but by making import tariffs and the liberalization of theirs and their victim’s markets part of negotiations; this always ensured they had a strong negotiation position every time.
Reagan had put tariffs on something like a quarter of all electronics imports by the end of his presidency, most of which came from Japan.
I’m reading Long Twentieth Century and Arrighi talks about how America didn’t succeed by just becoming the next Britain, but by making import tariffs and the liberalization of theirs and their victim’s markets part of negotiations; this always ensured they had a strong negotiation position every time.