Thursday, April 29

Analysis of WTO against China's limits on imports

The time has come to recognize that EU, Japan, China practice trade policies that can only be called mercantalistic. The United States has tried to use the WTO for years to force these parties to change, but nothing has happened. The time has come for policy makers in this country to abandon the notion of free trade and begin the re-industrialization of this nation. Unfortunately, special interest groups which profit from the present economic rules to the detriment of ordinary hard working Americans will block such policies.
China will never compete fairly and will always act in bad faith. China’s trade policies (including currency) are very protectionist and aggressive which they justify as necessary to make up for past disadvantages. No one wins in a trade war - but a country can only be pushed so far before it realizes that it is being beggared by trade counterparty. The USA has been among the biggest advocates of free trade - but has rarely evaluated whether that trade is fair. With constant enormous trade deficits, it appears that several countries (including China) have taken advantage of the US open trade policy.
China continues to amass a huge trade surplus over U.S. They then use these funds to not only buy our distressed and bankrupted corporations but to also acquire our own indigenously developed high technology.

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