Posted on 02/04/2018 10:00:31 PM PST by cba123
Shang Yi, the author, is an independent economic analyst and researcher based in China. The following article is the penultimate in a series of analyses he has produced in recent months about the U.S.-China economic relationship. The Epoch Times has translated the article to provide insight into how an independent mainland-based analyst views President Trump’s China trade policies. — The Editors
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The release of the 2017 figures on U.S.-China trade must have felt like a hard blow to the head for President Trump. To avoid hurting this presidency, the Trump administration needs to quicken its pace and drastically reduce the U.S. trade deficit with China and even impose assertive measures to facilitate more sustainable trade relations.
Statistics from Chinese customs indicate that in 2017, United States’ trade deficit with China increased 10 percent, totaling $275.8 billion—the highest in history. Last year, China stepped up its exports to the United States by 11.5 percent, while its imports from the United States went up by 14.5 percent. China’s total import volume rose by 15.9 percent compared to the year before. The 2016 figure was a new record compared to that of $261 billion in 2015.
(please see the link, for the long article)
Longer than most.
(Excerpt) Read more at theepochtimes.com ...
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On Jan. 16, 2018, President Trump called his counterpart in China and complained about the lopsided U.S.-China trade relationship. Judging from the transcript of the telephone call, Trump still harbored hope that he could achieve some progress on the trade issue via dialogues with the Chinese leadership. Yet Beijing continues to see that as a sign of weakness and will not change its course. Such ineffective communications will eventually lead to an outcome unimaginable to all.
What to do? Shut trade down. We don’t need them. Read last week here on FR that we are actually giving them foreign aid! Ridiculous.
How bout just make our tariffs equal to China’s tariffs for electronic components on imported electronic assemblies?
I would like to see a rule that removes tariffs and any other charge for imported products that undergo final assembly and packaging here in the US.
Trump can solve the trade problem with one act: Require that any nation importing goods to the United States must be certified to meet U.S. industrial standards commensurate with their local economies. That means safety standards, child labor standards, wage standards, and the whole gamut of rules and regulations levied on American companies. This would have several effects: Nations that work to meet those standards would get an edge in the American marketplace (bye bye, China), wealth created by trade with American would be more widely distributed, and foreign works would see an improvement in their wages and working conditions (and might even be grateful to the U.S.—imagine that!). That’s a thumbnail thought.
According to a ‘National Foundation for American Policy’ study last year, 81% of our country’s full-time graduate students in electrical engineering and 79% in computer science are international students, with the majority coming from China.
We know the value of our stolen intellectual property is measured in the hundreds of billions every year.
The President’s new ‘National Security Strategy’ addresses this issue - now we need to follow through and stop the enormous growth of Chinese students, even though the universities love the fact they pay full tuition plus.
Perhaps if our FBI paid a little less attention to politics they could be monitoring some of these international students.
Actually need to replaced those students with Americans. There is not shortage of American students for those college seats. Problem is that schools get more money for each foreign student than they do for a US citizen or state resident. Should not allow any federal funding to school if they accept a foreign student while turning down an American student. Yes, needs to be qualified but there still is not shortage. Besides, those sh1th0le countries my benefit from avoiding the braindrain of the brightest coming to the US and not going home. And we’d further benefit by not educating people to spy on us for their home countries.
Yup, a good start in leveling the playing field.
Trump doesn’t need advice
Sure he does.
There are a BUNCH of ‘free trade’ nitwits in government, spending a ton of Chinese money on lobbying for China.
So Americans. Regular Americans. ABSOLUTELY need to be heard.
For sure.
No he doesn’t
I’ll trust his track record over any academic
I don’t think you understood my point.
I think Trump is surrounded by globalists. Though I do not suspect Trump is a globalist.
But on every side, in every office. On every news channel. In every office in Washington DC. EVERYWHERE. There are a ton of globalists. They run this entire country, and have run this country for more than the least entire generation.
A generation ago, America was premier in the globe in manufacturing. Undisputed king.
Now we have lost that. China is now the king of manufacturing, partly because WE HAVE BEEN SOLD OUT BY OUR OWN PEOPLE.
Trump I think gets it. But everyone, on every side, in every office, on every news channel, on the right and on the left.
Are globalists.
Everyone.
It is high time, to change direction. Trump seems to have good instincts about this, but he is OUTNUMBERED hugely, on every side.
By globalists. Everyone.
That is what I am saying. Trump won because AMERICANS voted for what he was saying.
Not Hillary. Trump. Part of what Trump won on, was on re-industrializing America.
His track record is very good. But it is time for him to stand up on the issue of global trade.
And it is important, for the Americans who elected him, to keep speaking up on the importance of this issue.
I did not vote for Trump to continue to sell out my country, to a globalist bunch of people. I voted for Trump because he is the FIRST POLITICIAN in the entire last generation, who is saying America needs to be for America once again.
High time for someone to say that. And it is about time for Trump to make good on those promises.
They are why he won.
Cool your jets hot shot
Trump is making good on his promises
He is putting America first. His actions are having an impact. Did you see where the dollar finished today?
Quit yer pearl clutching
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