emcnair
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China calls Trump's trade war a joke, jumps tariffs on U.S. goods to 125%
This is what happens when foreign policy is driven by ego and ignorance. American corporations started this years ago in an effort to increase profits while at the same time produce cheap consumer goods. We taught the Chinese how to manufacture goods, and now we are blaming the Chinese for doing what we taught them to do. Is there an imbalance—yes. Is this the way to rectify the imbalance —no. It took us decades to get her, and it will take decades to make sustainable changes. For better or worse, we now we now live in global economy. And it will never be like things were in the 1950’s. We simply cannot go back. The only reason why we had global manufacturing dominance then was because we were the only manufacturer that had mass-production capabilities after World War II.