The U.S has double-digit unemployment and the Chinese have currency manipulation that favor its exports to America , thus leaving us with a trade deficit.
The US has accepted – even welcomed – China’s emergence as a giant economic power because American policymakers convinced themselves that economic opening would lead to political liberalisation in China. - ft.com
If that assumption changes, American policy towards China could change with it. Welcoming the rise of a giant Asian economy that is also turning into a liberal democracy is one thing. Sponsoring the rise of a Leninist one-party state, that is America’s only plausible geopolitical rival, is a different proposition. Combine this political disillusionment with double-digit unemployment in the US that is widely blamed on Chinese currency manipulation, and you have the formula for an anti-China backlash. - ft.com
Both Bill Clinton and George W. Bush firmly believe in free trade with China, are you surprised that they would support something that favors large business on the backs of Americas middle class?
We have been all bark with china , never really doing anything of substance. even worse , we are at a point that we have to beg them to keep buying our bonds. we are hostage of our own making.
are you still in favor of free trade with china?
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