Cars made in China and sold in the U.S. have a 2% tariff.
Cars made in the U.S. and sold in China have a 40% tariff.
We need to balance that eventually. If we ignore it for another 40 years there won't be any American car companies.
We don't have to have perfect balance tomorrow, or free trade exactly, its ok to allow them to exploit trade with us to some extent as there economy catches up with the west.
But it is time for that assistance and trade imbalance to start to shrink. China has given no indication that they think we should be equal trading partners even after their country becomes the world leader in economy, scientific research, and military power.
The does sound fair and I agree with it, but the US hasn’t applied this to other countries and are smaller by population, economic, scientific and military measures, why should China apply it to the US?
How about instead of negotiation a stupid trade deal, negotiate a smart one? For example, making sure a global minimum wage. One bullet and two aim. Making Chinese middle class more empowered, and the cost of making a car in China more.
Cars made in China and sold in the U.S. have a 2% tariff.
Cars made in the U.S. and sold in China have a 40% tariff.
We need to balance that eventually. If we ignore it for another 40 years there won't be any American car companies.
We don't have to have perfect balance tomorrow, or free trade exactly, its ok to allow them to exploit trade with us to some extent as there economy catches up with the west.
But it is time for that assistance and trade imbalance to start to shrink. China has given no indication that they think we should be equal trading partners even after their country becomes the world leader in economy, scientific research, and military power.