Trump understands China is on its way to global domination and must be stopped

President Trump is launching a tariff blitz on the world for one reason: China.China’s economy is built on a system that distorts free trade.Determined to grow at any cost, China has been overproducing everything.It started with roads and rail lines, then moved to apartments and mansions, and now it’s cars, refrigerators and semiconductors.These goods are dumped on foreign markets, including in America.

Trump’s tariffs may be disruptive, but they can serve a function — forcing a global realignment that is far overdue.Since the early 2000s, China has leveraged cheap labor and lax environmental standards to flood the world with low-cost goods, displacing American industries.More than 3.5 million US jobs have been lost to China.In 2023, a Chinese company, Ching Tai Wire and Cable, announced a new factory in Dongguan — while, one year later, Michigan’s National Standard, a leading wire manufacturer, shut down after 117 years in business.

Subscribe to our daily Post Opinion newsletter! Please provide a valid email address.By clicking above you agree to the Terms of Use and Privacy Policy.

Never miss a story.Over the last decade, China’s economic model accelerated, using “transferred” technology from Western companies to push out competitors, costing American companies between $225 billion and $600 billion a year.Intellectual property theft and other unfair practices allowed China to advance from low-quality goods to high-tech manufacturing in areas like computing, robotics and semiconductors.China aims to dominate global markets through “non-market” strategies such as subsidies, currency manipulation, monopolies, and restrictions on foreign companies operating in China.These state-driven policies have led to a manufacturing boom in China.The Chinese car company BYD is now building a factory in Zhengzhou that will sprawl over 50 square miles, the size of San Francisco, and 10 times...

Read More 
PaprClips
Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by PaprClips.
Publisher: New York Post

Recent Articles