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Trump Just Made A Big Time Move That ‘Will Put China On Notice That America Is Back…’
U.S.-China relations have been deteriorating as of late, with diverse issues including the U.S.-China trade imbalance, China’s devaluation of the yuan, Chinese cybercrime against the U.S., and China’s increasingly aggressive moves against its neighbors all playing a part.
Now, Donald Trump has released a plan of how to reform the U.S.-China economic relationship.
Trump writes that the “most important component of our China policy” is “leadership and strength at the negotiating table.”
He berates President Clinton for his comments following the inclusion of China in the World Trade Organization (WTO).
Speaking of China’s inclusion in the WTO, Clinton said that it is a “good deal for America. Our products will gain better access to China’s market, and every sector from agriculture, to telecommunications, to automobiles. But China gains no new market access to the United States.”
Trump writes that “none of what President Clinton promised came true.” Instead, since China joined the WTO, “Americans have witnessed the closure of more than 50,000 factories and the loss of tens of millions of jobs.”
The US trade deficit with China stood at a whopping $318.7 billion dollars in 2013.
Trump writes in his position statement that “America fully opened its markets markets to China but China has not reciprocated.” Instead, China has erected a “Great Wall of Protectionism” of “unlawful tariff and non-tariff barriers to keep American companies out of China.”
The statement continues: “When Donald J. Trump is president, China will be on notice that America is back in the global leadership business and that their days of currency manipulation and cheating are over.”
Trump outlines four goals of his plan.
First, he wants to “bring China to the bargaining table” by “immediately declaring it a currency manipulator.” In the plan, he writes that “economists estimate the yuan is undervalued by anywhere from 15% to 40%.” He also states that such currency manipulation, in tandem with other Chinese trade policies, has “resulted in chronic U.S. trade deficits, a severe weakening of the U..S manufacturing base, and the loss of tens of millions of American jobs.”
Second, Trump insists that he would “protect American ingenuity and investment by forcing China to uphold intellectual property laws and stop their unfair and unlawful practice of forcing U.S companies to share propriety technology with Chinese competitors as a condition of entry to China’s market.” He notes that the Chinese government ignores “rampant cybercrime, and, in other cases, actively encourages or even sponsors it-without any real consequences.”
Third, he writes that his plan will “reclaim millions of American jobs” and revive American manufacturing by “putting an end to China’s illegal export subsidies and lax labor and environmental standards.” He then claims that “no more sweatshops or pollution havens” will be stealing the jobs of American workers.
Fourth, he wants to strengthen America’s negotiating position using a three-pronged approach. He wants to lower the corporate tax rate to keep American companies and jobs “here at home,” attack the debt and deficit so China “cannot use financial blackmail against us,” and bolster the US military presence in the East and South China Seas to “discourage Chinese adventurism.”
What do you think of Trump’s plan to prevent Chinese trade abuses?
Source: http://www.westernjournalism.com/trump-just-made-a-big-time-move-that-will-put-china-on-notice-that-america-is-back/
If Trump would promise to prosecute some of these past political whores, he would have the vote of 90% of America. The money trail to all of their wealth is still there.
agreed!!