Withdrawing U.S. foreign investment...and redressing...balancing their artificial trade advantage... does not mean a complete ban on "commercial relations." It means trade may carry forward, but without U.S. subsidies of FDI, no OPIC insurance, no Ex-Im Bank loans, no World Bank loans, and the Chinese imports to the U.S. will be under the restrictions of the lawful Smoot-Hawley tariff, which is the legal regimen in place when Permanent Most Favored Nation Status is revoked. This 50% tariff rate applies, and makes their goods more prohbitive. But not banned.
We will be sending a message to China and its oppressed people. "We are against your evil communist government, which has been profiting off your exploitation." Hence, I do not "oppose commercial relations." They are free to buy us much, or more, commodities from us as now, with no taxes whatsoever.
Do you intend to attack private U.S. foreign investment in China? What 'artificial advantage' trade advantage do you percieve? Their lower wage rates aren't artificial. Furthermore, their currency manipulation is no better or worse than ours. In fact, they tied their currency to ours to avoid harm by our manipulation. If our currency was tied to real assets instead of a tacit promise from the Federal Reserve to not run the printing presses at Weimar speeds you might have a point there.
It means trade may carry forward, but without U.S. subsidies of FDI, no OPIC insurance, no Ex-Im Bank loans, no World Bank loans,
I'd happily jettison all U.S. government trade intervention, with all countries.
and the Chinese imports to the U.S. will be under the restrictions of the lawful Smoot-Hawley tariff, which is the legal regimen in place when Permanent Most Favored Nation Status is revoked. This 50% tariff rate applies, and makes their goods more prohbitive. But not banned.
And you think hammering American consumers for 50% higher taxes on goods they purchase is a good idea? Have you considered what that will do to their standard of living? Free trade is a process of mutual advantage, which you seem hellbent on placing Washington, D.C. in the midst of.
We will be sending a message to China and its oppressed people. "We are against your evil communist government, which has been profiting off your exploitation."
I rather spend my energy freeing oppressed U.S. citizens from the evil government that profits by extracting 5 months in taxes for every year's labor. But politicians benefit most from pointing to external threats, real and imagined.
Hence, I do not "oppose commercial relations." They are free to buy us much, or more, commodities from us as now, with no taxes whatsoever.
Have some respect for yourself. Don't say "I do not oppose commercial relations" and then propose a 50% tariff. That's disengenuous at best.