By eliminating the trade deficit, so that China doesnât have excess hard currency to buy our companies.
In this instance, the currency that flowed out to China flowed right back in to the American seller, returning those dollars to the US market.
And so that our companies canât be put out of business by Cheap Chinese labor.
Why would you buy a business to then put it "out of business"?
That is a liquidation strategy. Selling the means of production for trade goods is an out of business strategy.
That is a liquidation strategy. Selling the means of production for trade goods is an out of business strategy.