Friday, April 6, 2018

Trump is right: China's a trade cheat

Amid the noise and tumult, including the alarming tweets about Amazon and Mexico, let's be honest - on one big, fundamental point, President Trump is right: China is a trade cheat.

The Office of the U.S. Trade Representative's report to Congress on China's compliance with global trading rules is an exception worth reading.

In measured prose and great detail, it lays out the many ways that China has failed to enact promised economic reforms and backtracked on others, and uses formal and informal means to block foreign firms from competing in China's market.

Whether one accepts the trade representative's conclusion that "The United States erred in supporting China's entry into the WTO," it is clear that the expectation that China would continue to liberalize its markets after its entry has proved to be mistaken.

Washington approached China's entry into the world trading system no differently from that of other countries that joined in the mid-20th century.

The most extensive cyberwarfare waged by a foreign power against the United States is done not by Russia but by China.

The last series of world trade talks, the Doha Round, was killed by obstructionism from Brazil and India, in tandem with China.

https://www.washingtonpost.com/opinions/global-opinions/trump-is-right-chinas-a-trade-cheat/2018/04/05/6cd69054-390f-11e8-8fd2-49fe3c675a89_story.html?utm_term=.cfba97fd8314

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