Archive

Posts Tagged ‘trade imbalance’

Is Trump Really About America First?

August 25th, 2019 3 comments

The central theme of Trump’s president is “America First.” Most Americans understand that to mean putting American interests, American prosperity, American well being first above all else.

As an American, I personally have no quarrel with this. In fact, as a world citizen, I think if every nation can look primarily after itself and not after other nations (which in basically every case have proven to be a false flag for carrying out illicit interventions because “there is never free lunch” as they say), the world will be a much, much better place.

But over the last few years, it is turning out that this talk about “America First” is nothing else than another false flag. America is as involved in war and warmongering throughout the world as ever, and with the current irrational trade war, it looks like the Trump administration is also about putting its special interests constituencies first … screw all others … just like all the other previous administrations.

It is an open secret that historically America has been an oligarchy, not a democracy. That means it is not a government of the people for the people … but rather a government of special interests for the special interests … no different than many other governments around the world and throughout time.

But things are about to change. At least that was the promise.

In his inauguration speech, with outgoing president Obama visibly grimacing, Trump portrayed himself as a messiah coming to America’s rescue:

Read more…

On Trump’s Misguided Trade War with China

July 16th, 2019 4 comments

[This piece was initially published on global research.]

Trump started his trade war with China over a year ago.  After a year of escalations, two high-profile G20 meetings and months of on-off-on again negotiations, the trade war has the world tittering on the edge of a global recession.

In the run-up to last month’s G20 meeting, Trump had boasted that “it’s me right now that’s holding up” a deal with China.  Rejecting Beijing’s pleas for a “balanced” deal, Trump’s top trade advisor Lighthizer declared that any deal must involve China making up for its’ “past transgressions.” 1

The notion that the U.S. has long been the victim of unfair trade practices, especially at the hand of China, thus is no longer just election rhetoric, but the raison d’être of America’s trade war. 

Read more…

Notes:

  1. https://www.cnbc.com/2019/06/27/china-wants-balanced-trade-deal-at-summit-but-us-isnt-interested.html

America at a Crossroad: Rethinking Trade, Geopolitics, and Economic Well-Being

April 8th, 2016 6 comments

China U.S. Free Trade[An edited copy of this article under the title “America should not blame trade – or its trading partners – for its ills ” is initially published at the South China Morning Post (pdf archive here)]

Bernie Sanders and Donald Trump are leading a new American awakening on global trade.  According to the new emerging consensus, America has been the victim of bad trade deals – including the yet-to-be-ratified Trans-Pacific Partnership (TPP) – for decades.  These deals have shipped millions of good-paying American jobs abroad and in the process hollowed out the American middle class.

When Sanders and Trump recently began questioning the merits of trade with allies such as Japan as well, however, many believed them to have crossed a line. It is one thing to attack China for “stealing” jobs but quite another to sell short a close and faithful ally.

Americans have long harbored schizophrenic attitudes on trade, however. Read more…

The Politicization of the Yuan

September 18th, 2010 17 comments

The U.S. Congress is running scared.  With a mid-term election coming up and a populace that is unhappy about the economy, they have resorted to be mad about something, and that something appears to be China – specifically China’s valuation of the Yuan (RMB). The argument goes:

China is keeping the yuan artificially low. In keeping the Yuan low, China is stealing job from America, preventing America from undergoing a quick economic recovery. China is artificially manipulating its currency to gain an unfair trade advantage against America. America must wake up and do something. China doesn’t listen to reason. If the U.S. must go into a trade war with China, so be it.

Let’s take a look at the engine under the hood of such reasoning. Read more…

Opinion: the Foxconn Incident is a Reflection of the Growing Pains Associated with China’s Traditional Mode of Development

May 30th, 2010 5 comments

The following is a translation of an op-ed published published in China Review News.

May 27, 2010 – Opinion: the Foxconn Incident is a Reflection of the Growing Pains Associated with China’s Traditional Mode of Development

The recent spate of suicides at Foxconn in China has brought unprecedented attention to this major international manufacturing subcontractor of electronics equipments.  While the causes of these suicides are inevitably complex,  the incidents are a general reflection of the stress the traditional mode of development has wrought on China’s society and provide a warning that change must be brought about soon. Read more…

Did Paulson Accuse China to be a Root Cause of Today's Global Economic Crisis?

February 4th, 2009 22 comments

In an interview to XinHua, Former U.S. Treasury Secretary Henry Paulson declared that he was wrongly portrayed to have laid blame on China for causing today’s global economic crisis. Read more…