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Saturday, August 19, 2017

Steve Bannon says we're at 'economic war with China.' Here are the studies that back him up.

"To me," White House adviser Steve Bannon told the American Prospect, "the economic war with China is everything. And we have to be maniacally focused on that. If we continue to lose it, we're five years away, I think, ten years at the most, of hitting an inflection point from which we'll never be able to recover."

"Economic war" is not a frame most Republicans use to describe our relationship with China. In 2000, the U.S. Congress voted to admit China into the World Trade Organization, thus lowering trade barriers, opening the U.S. up to Chinese imports. Americans have access to Chinese-made goods, which makes life cheaper, and Chinese people have many more jobs, creating a massive middle class in the world's second-most populous nation.

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1 comment:

Anonymous said...

Yeah , and China is winning !