You might remember that during Reagan’s presidency, there was a major fear that the Japanese were going to buy up all of America, and we’d lose our sovereign status. Didn’t happen.
“You might remember that during Reagan’s presidency, there was a major fear that the Japanese were going to buy up all of America, and we’d lose our sovereign status. Didn’t happen.”
Yup. Fear Of Japan became fear of Mexico w/ Perot.
Then it was fear of China and India.
We have a trade deficit not due to a nefarious plot but due to the fact that other countries tax consumption while we tax production.
We have more to fear from our own bad policies than any other countries that ‘inflict’ goods on us which American consumers are willing to buy freely.