Boy, you know how to parrot that schitck perfectly.
With a median household income that has been actually declining over the last 10+ years. there’s been not only no increasing standard of living for Americans under the current “free trade” pablum, the standard of living is going down.
Trade with the PRC isn’t “free trade.” They pillage our intellectual property, use currency arbitrage to maintain their trade advantage and flout product standards. This isn’t “free trade.”
If the government doesn’t protect intellectual property rights, that’s a problem on our end of the pond. Companies also need to be aware of industrial espionage as well as governments. Aka don’t rely on the government. People in new jersey are figuring this out now.
With declining incomes, less expensive imports retain standard of living.
You’re looking to solve a government caused problem with more government.
“Trade with the PRC isn’t “free trade.” They pillage our intellectual property, use currency arbitrage to maintain their trade advantage and flout product standards. This isn’t “free trade.”
Don’t they also place quite high tariffs on things we export to them?