Japan is still a manufacturing powerhouse, the third largest manufacturer in the world. Like the US, Japan focuses on manufacturing high-value products. China produces and exports lots of cheap plastic toys and apparel which the US consumer demands. We can’t make $25 cotton dress shirts. If that’s what we want, we have to import them. If we impose 50% tariffs on imports from China, the US consumer will not benefit. Only the US producers of goods that substitute for these exports will gain.
china's currency manipulation acts as a tarrif against US products. Add to that other multiple trade barriers and there is no fair nor free trade. Trump is right. china has stolen all from the USA. I wouldn't trade with any country that uses currency manipulation nor these other unfair trade barriers. WE can produce anything in the USA and we still have a lot of manufacturing including steel which China is trying to destroy. just don't trade with China . they need us for our natural resources . we don't need anything . we have auotmation robots anything so wee don't need 1.5 billion human slaves like china has as a population. China's biggest strenth is her 1.5 billion people each of which is an Asian and the IQ's are higher than europeans for Asians.Obviously their government politicians are much smarter than US politicians who are just sell outs