Protectionism is putting up tariff’s and barriers for the SOLE purpose of preventing ANY foreign competition for the products made in your country. Or it can also be PROHIBITING certain or all imports of goods that might compete with domestic goods and production of goods.
THAT’S protectionism. THAT would have been possible in the early 20th Century.
Here are Trump’s grievances with China:
**1. Economists estimate the Chinese yuan is undervalued by anywhere from 15% to 40%. This grossly undervalued yuan gives Chinese exporters a huge advantage while imposing the equivalent of a heavy tariff on U.S. exports to China. Such currency manipulation, in concert with China’s other unfair practices, has resulted in chronic U.S. trade deficits, a severe weakening of the U.S. manufacturing base and the loss of tens of millions of American jobs.
** Do you think it’s kind of strange that Trump is the ONLY one in the race to point that out?
**2. China’s ongoing theft of intellectual property may be the greatest transfer of wealth in history. This theft costs the U.S. over $300 billion and millions of jobs each year…The Chinese government also forces American companies like Boeing, GE, and Intel to transfer proprietary technologies to Chinese competitors as a condition of entry into the Chinese market. Such de facto intellectual property theft represents a brazen violation of WTO and international rules.
- ** **Chinese manufacturers and other exporters receive numerous illegal export subsidies from the Chinese government. These include - in direct contradiction to WTO rules - free or nearly free rent, utilities, raw materials, and many other services. China’s state-run banks routinely extend loans these enterprises at below market rates or without the expectation they will be repaid. China even offers them illegal tax breaks or rebates as well as cash bonuses to stimulate exports.
**** China’s illegal export subsidies intentionally distorts international trade and damages other countries’ exports by giving Chinese companies an unfair advantage.
There is NOTHING in Trump’s website that comes within thousands of miles of a TARIFF AGAINST CHINA for these infractions, which by the way are against international law. The closest thing he has proposed on THIS WEBSITE has been LOWERING the corporate tax to keep our businesses competitive and LOWERING the national debt to reduce the financial blackmail China can use against us right now.
Why are there NO OTHER candidates talking about this? Why is John Kasich screaming about wanting to give AMNESTY to a bunch of criminals? Why is Hillary screaming bloody murder about climate change?
GROW UP, PEOPLE.