Not only Austria realized the crisis was imminent. The Vienna Government simply acted a step ahead. After Austria opened the floodgates of dumping, British capitalists quickly followed suit.
In those days, the combined market share of the Anglo-Austrian two countries occupied three-quarters of overseas trade, and the so-called international competition mainly unfolded between them.
The market was only so big. If you occupied more, I occupied less; neither of us could afford to give way.
The reason why the Anglo-Austrian two countries didn't come to blows was because their developmental directions were different.
Britannia exported the most textiles, while Austria exported the most agricultural products, which were the two commodities with the largest share in international trade at that time.
