True.
I would like to say that IMO it is not trading that hurts the US at all, its the lack of trade. We don't trade with China. We purchase from them in an a complex purchasing agreement, which we finance.
When we are able to import from, then export to, a country it makes for more balanced trade and actually creates work here.
When we have a screwed up relationship as the one the corporations have built in China, it is wrong.
It is not trading in general, but the nature of the China relationship that I DO NOT LIKE and should be stomped out forever.
Cheaper is not always better.
For every dollar we import from Mexico we have about a 75 cents export opportunity. With China, for every dollar we import we have about a 15-18 cents export opportunity.
Of those two, which relationship is better for our economy and job creation?
They argue that China is cheaper, but what has a better long term aspect on growth? With a Mexico type relationship we get cheaper, but profit making, and have export opportunities. With China we get really cheaper, for now, and thats it. The former requires a more efficient business, which has not been the focus as of late. The latter is a way to make ends meet, for now, but neglects realistic longer term, but real return, prospects.
China needs to start buying what it makes, instead of pawning that off on everyone else.
We need a go South campaign, at China's expense.
Yes it is.