He is acknowledging the very obvious fact that China declared a trade war on us decades ago - and is having the US finally fire back.
China expert Gordon Chang knows this - and knew it back on March 10, 2016: "People say [Trump] would start a trade war. Well, no matter what The Donald does he can't start a trade war because we're already in a trade war with China. But only they are waging it. The question is how do we end it on terms not only advantageous to the United States but also to the international community."
The world in 2001 joined us in our stupidity - and allowed China entry into the World Trade Organization.
What follows are but some aspects of a 2010 government analysis of China's total, totalitarian trade war against US:. "The 2010 National Trade Estimate released on March 31 by the Office of the United States Trade Representative explains how the Chinese government kept out American products."
"Demanding American R&D and Patents: The report briefly mentions China's most recent escalation, its November requirement that American corporations move their R&D and patents to China:".
"China pegs its currency to the dollar using a modified fixed exchange rate. When the dollar loses value, China buys dollars through U.S. Treasuries to support it. In 2016, China began relaxing its peg. It wants market forces to have a greater impact on the yuan's value. As a result, the dollar to yuan conversion has been more volatile since then. China's influence on the dollar remains substantial."
"China must buy so many U.S. Treasury notes that it is the largest lender to the U.S. government.As of January 2018, the U.S. debt to China was $1.17 trillion. That's 19 percent of the total public debt owned by foreign countries. Many are concerned that this gives China political leverage over U.S. fiscal policy."
https://www.redstate.com/setonmotley/2018/04/03/china%E2%80%99s-half-century-one-sided-trade-war-united-states/
China expert Gordon Chang knows this - and knew it back on March 10, 2016: "People say [Trump] would start a trade war. Well, no matter what The Donald does he can't start a trade war because we're already in a trade war with China. But only they are waging it. The question is how do we end it on terms not only advantageous to the United States but also to the international community."
The world in 2001 joined us in our stupidity - and allowed China entry into the World Trade Organization.
What follows are but some aspects of a 2010 government analysis of China's total, totalitarian trade war against US:. "The 2010 National Trade Estimate released on March 31 by the Office of the United States Trade Representative explains how the Chinese government kept out American products."
"Demanding American R&D and Patents: The report briefly mentions China's most recent escalation, its November requirement that American corporations move their R&D and patents to China:".
"China pegs its currency to the dollar using a modified fixed exchange rate. When the dollar loses value, China buys dollars through U.S. Treasuries to support it. In 2016, China began relaxing its peg. It wants market forces to have a greater impact on the yuan's value. As a result, the dollar to yuan conversion has been more volatile since then. China's influence on the dollar remains substantial."
"China must buy so many U.S. Treasury notes that it is the largest lender to the U.S. government.As of January 2018, the U.S. debt to China was $1.17 trillion. That's 19 percent of the total public debt owned by foreign countries. Many are concerned that this gives China political leverage over U.S. fiscal policy."
https://www.redstate.com/setonmotley/2018/04/03/china%E2%80%99s-half-century-one-sided-trade-war-united-states/
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