Trump Is Trying To Get China To Play By Rules
To The Reader’s Forum: The resulting hollowing out of American manufacturing was just accepted as the price of having China inside rather than outside of the global trading system. This was the view of the Bush and Obama administrations. However, China has been cheating and President Trump is calling them out. Here is why: China has used debt imperialism. It lends money to developing countries then seizes collateral assets like mines and infrastructure when the loans aren’t repaid. The Chinese practice extreme protectionism. China keeps foreign goods out with high rariffs and ...