Leave it to the inane Tim Kane to never, ever see a national security issue if it bit him in the ass, and proceded to chew up his spine and swallowed him whole.
He would declare the whole process 'bracing, but therapeutic.'
Equally troubling is the Schumer-Graham proposal in the U.S. Senate to place trade barriers on imports from China.
Troubling to China...and its apologists, agents of influence, expatriates, lobbyists, profiteering middlemen and hired schills. Memo to Kane: The PRC classifies the U.S. as the "Main Enemy."
It is also amusing that he can come up with no explanation for the dollar "surprisingly" resisting the downward force of its uncompetitive trade posture. Guess that incongruity doesn't trouble him. But since he has no good explanation, he decides to brush past that in a real hurry, so, he merrily assumes it will continue forever and ever and ever....we just have to stick to good old free trade....
Meanwhile, it never occurs to him that the foreign nation's currency pegging actions... are predatory state interference in the terms of trade...radically skewing market forces... They are not engaged in...and never have been engaged in 'free trade.' Kane lives in a unilateral delusion.
They have a funny way of showing it, Mr. Ross. They send us goods and their capital [ Mathematically, trade flows are balanced by investment flows. The bigger the trade deficit, the more capital flowing into the U.S. Chinese and other foreign investors prefer to trade their goods for America’s equity and debt. America is seen as the safest, surest investment bet in the world. That’s bad news? ]
Of course this pesky little capital flow issue is something that you either cannot grasp (and here's another example of your failure to grasp) or it's something you refuse to acknowledge ( here's you again, dodging the direct question).