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Anti-China views are pervasive across the political spectrum. One of the few things trump has done well is to clamp down on Chinese abuse of global trade.
No, Nicholas. Ask any economist not employed by the Trump administration, and he or she will tell you that tariffs are not good for the economy and that American consumers pay the tariffs through higher prices. Yes, there are reasons to go after the Chinese for dumping steel and for intellectual property theft, but that’s not what Trump’s tariffs were focused on. They were instead focused on a trade imbalance with China. Trump never understood trade, which isn’t a surprise since he doesn’t read and certainly never cracked open an economics book. To this day, Trump thinks the US having a trade deficit with a country means the US is sending mon trade deficit means we’re sendin to this day that the US having a trade deficit means that country is making money off the U.S. Trump couldn’t pass Economics 101.
Yes, Paul. What I’ve said is accurate. You’ve taken it and applied your own personal spin. I did not say every decision he made was a good one. I said clamping down on Chinese abuse of global trade is a good thing. Punitive tariffs are only one component of that agenda. There’s plenty of support across the aisle for the tariffs as well as a host of different items including currency manipulator status. And tariffs may be bad for consumers in the short term, but someone needs to stand up to Chinese theft of IP, dumping, currency manipulation, labor abuses, and environmental abuses.
Excellent comment and a good summary of the whole issue, Nicholas, thanks: “And tariffs may be bad for consumers in the short term, but someone needs to stand up to Chinese theft of IP, dumping, currency manipulation, labor abuses, and environmental abuses.” AMEN across the board.
Two ancient adages come to mind: “An ounce of prevention is worth a pound of cure,” and even terminally anti-Trump “intellectual” Paul O. ought to be able to understand Barney Fife’s famous admonition to, “Nip it in the bud.”
While speculation regarding what the Biden adminstration might do is an interesting topic, the inference that it is ‘incoming’ is certainly speculation as well. Given the election fraud surrounding Biden and current lawsuits for illegal ballots, dead voters, cyber hacking and vote switching, ‘incoming’ is questionable at best. It’s not over.
It’s over. Biden won. Move on.
You’re delusional
Whether an ecosystem, population, or trading partners, diversity has many benefits. It typically is a marker of a “healthy” system.
Before Trump the rationale was we’ll use capitalism to help the oppressed Chinese people have a better life under the Communist Chinese Party (CCP) dictatorship. Before and during the Obama years the control of the CCP over the citizen subjects tightened steadily. You don’t have to be a college economics professor to understand the CCP is a cruel regime that imprisons and executes dissenters that express opposition to the government. Witness the cruel treatment of human beings in Hong Kong and the Uighurs in Xinjiang. The rationale to help the Chinese people by trading with the Chinese government has not worked effectively. The communist dictatorship government continues to oppress the Chinese people.
America has a schizophrenic culture that consumes mountains of Chinese made goods because they are cheap …, and in the same breath deplores companies that have goods mad in sweatshops where workers suffer abusive living and working conditions.
President Trump was the first US president in modern times to call a time-out on China. The result was hardship and distress for American farmers and importers because over many decades, American consumers and companies have developed a steady diet for cheap Chinese made goods, and become very fat on that diet. The result of the Trump policies was that many jobs returned to the US from China, and as the article above describes, new trading partners from different countries were acquired. (Thus the more healthy “diversity” of keeping your eggs in many baskets).
Let’s hope that Joe Biden and his administration have been taking notes on administering the tough medicine for America to swallow of reigning China in not only for the purpose of establishing a level playing field of fair trade policies, but for the more important purpose of applying pressure so the Chinese will rise up and overthrow the CCP. The Chinese people deserve humane leadership …, far better than what they have had for the last 100 years …, ever since Moscow Marxists sent emissaries to China in 1920/21.
Raising the standard of living of the Chinese people through increased trade is certainly not bad, but the rationale that increased trade will topple the cruel dictatorship of the CCP is a very low probability outcome. It simply has not worked. The corrupt CCP dictators have used much of the trade proceeds to build a powerful military of 2.8 million soldiers. We need a trade policy that puts pressure on the CCP. Trump accomplished that. Let’s hope Biden will adopt similar strategies.
+1 Mark.
Here’s to hoping America First isn’t just a 4 year thing.
Any time the USA exits a trade agreement (TPP) that relinquishes sovereignty to a foreign tribunal, is a positive move. Biden also has a 1.5 billion dollar Chinese problem with the emoluments clause of the USC.
Quote: The incoming Biden administration is widely expected to embrace a more multinational approach to U.S. trade policy, moving away from the “America first” strategy embraced by President Donald Trump.
And still, liberals scratch their head over why hard-working Americans would vote for Trump.