Trump: End China’s Currency Manipulation
By Hunter Wallace
In the Wall Street Journal, Donald Trump has dropped a bombshell on our trade policy status quo with China:
“If we are to make America great again, we must do all we can to make sure that American interests are protected and that all Americans benefit from the actions of their government. Sadly, that is currently not the case. …
The American people need to be told the truth about our “partner” China. China holds over $1.4 trillion in U.S. debt. The Chinese are, by far, the largest foreign debt holder. As of the end of August this year, the U.S. trade imbalance with China is already at $237 billion, on the way to an annual trade imbalance north of $350 billion. China’s economy is controlled by the government. Any notion that their economy is based on a free-market system is simply not true. If an American company wants access to the Chinese consumers, that company must share its intellectual property, a condition that violates international fair-trade standards, World Trade Organization rules and common sense.”
This is great news.
Trump has picked exactly the fight he needs right now to draw a sharp contrast with his Republican revivals and regain the momentum he lost in September when he released his tax plan.