I generally impose this sort of thing, but in this case I think he’s right. The Chinese are dumping products below cost, in order to run American companies out of business. Screw them.
Meant to say “generally oppose this sort of thing”...
China is eating our lunch economically. There is no question on that. Punishing them because the U.S. is not very competitive is idiotic. Yes, we can envy China for the economic power house it has become but it won't change how UNCOMPETITVE the U.S. has become. It's up to the U.S. to become more competitive.
Heck, China is more capitalistic than the U.S.! The U.S. is becoming more communist and why the Chinese LAUGH at our economic policies - they've been there and KNOW where it leads.
Why do you think the Chinese no longer want to buy our debt? They see the U.S. as a risky investment and are diversifying their wealth in other countries. The Chinese are buying just enough of our debt to maintain the existing debt they own. Unfortunately the Chinese are buying LESS of the U.S. debt. You'd better pray the Chinese don't unload it and bring the dollar even lower.
Yes, I understand U.S. pride but taxing us more is not the answer. GOOD GRIEF!