And don't forget. That big trade deficit we have with China is not as bad as it looks. We buy their plastic toys. They bring those bucks back to the U.S. and buy U.S. Treasuries. Because they are a big buyer their presence in the market increases demand and raises the price of Treasuries. This is good. High price for Treasuries equals low interest for Treasuries and low interest for you when you want to refinance that mortgage at a low interest rate. Ending this marriage of convenience would cost us all in many ways.
Really! Explain exactly how American workers can be expected to compete with those that earn two dollars an hour? Some prisoner labor is also employed in China. There is little concern for the envionment in China also thus saving companies billions of dollars. My husband is management, but we see the handwriting on the wall. It is the trade agreements which never benefitted the workers in this country and have been unfairly applied (anti US) which are destroying this country-not the unions.