Home Finance Lessons from Lithuania’s David-Goliath Clash with China

Lessons from Lithuania’s David-Goliath Clash with China

by Enochadmin

Worldwide relations is stuffed with David and Goliath tales proper now—most notably Ukraine and Russia—however one of the attention-grabbing ones has gone largely unnoticed by the U.S. public, and carries classes for the worldwide economic system.

In mid-2021 the small Baltic republic of Lithuania—a European Union member and former Soviet satellite tv for pc—irked Beijing by allowing Taiwan to open a neighborhood consultant workplace with “Taiwan” within the title. Most international locations with pleasant however unofficial relations with Taiwan have lengthy used “Taipei” as an alternative to keep away from scary Beijing, which claims the self-ruled island as its personal. China responded by proscribing Lithuanian imports and exports in late 2021—and ultimately focusing on provide chains that run by it.

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