Monday, December 12, 2016

China vs USA trade not a level playing field


I think what Trump is interested is doing is level the playing field. He regards himself as the world's best negotiator, and I think what he's really doing is throwing the opening gambit out there on the chess board to see where we go from here. He's been rattling China's cage with the call with Taiwan. 

China has basically had tremendous growth on the last three decades largely on the back of US consumers. Now we got a lot of cheap goods from China but there has been far from a level playing field. 

I'm not saying we don't have some subsidies for our companies and so on, but China is notorious for subsidizing government owned companies and all kinds of actions.....