Finally we have a president willing to actually do something about the disastrous trade imbalance that we now have with China, which has been growing steadily for decades. Back in the mid 1990’s, the annual trade imbalance with China was merely $10+ billion — a manageable amount — but it has ballooned from those modest levels to $375 billion for 2017 — that is, at the end of a 2017, China, for that year alone, was net $375 billion richer and we were that much poorer.
Frankly, given how gigantic this trade imbalance has become, if we had zero trade with China, the United States would be better off — because we would no longer see this massive wealth transfer from our shores to theirs. Of course, a balanced trade with China where they buy as much from us as we buy from them would be ideal, but short of that, I say we would be better off without any Chinese goods.
Think of all the American production that would cause if the Chinese goods we currently buy from them were instead American made. What a boon that would be! And no more gigantic wealth transfer to another country and to one that may not have our best interest at heart. And, oh by the way, did I forget to mention that China is still a totalitarian, communist country, with an ever expanding military, and a country where people who have fallen out of favor with the regime simply disappear. That’s the country we have been enriching — at our expense. Why?
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