Is it time for a trade war with China?
A trade war could result in impacts on our lifestyle very nearly as profound as restrictions on the oil flowing from the Middle East.
From the cheap products we buy at Wal-Mart to the municipal bonds that Chinese investors purchase, we are deeply intertwined with their economy.
Opposition to a more aggressive trade stance would also be fierce from American corporations, which have gleefully taken advantage of China’s trade policies to boost their profits.
But the time is approaching when American policy-makers simply won’t have a choice.
If our companies — especially those that provide crucial blue collar jobs — can’t compete and build prosperity on an even footing with China, then our country will surely fall into second-place status, beginning with our manufacturing sector.
In time, other parts of our economy will be exported, eroding prosperity and tax revenues even further. If that’s allowed to happen, the budget woes we face today will look like child’s play.
Put simply, we all expect our government to be the government of a rich and robust nation. But if we allow China to take away that prosperity unfairly, the downward spiral will be irreversible.
Read more: http://blogs.northcountrypublicradio.org/inbox/2011/02/21/is-it-time-for-a-trade-war-with-china/
In a trade war with China, we all would lose
A trade war with China wouldn’t merely reduce Chinese imports, denying choices and bargains to American consumers. China would undoubtedly reply with tariffs of its own, and Americans would pay in the form of lost jobs.
We have legitimate commercial issues with Beijing, but they should be pursued through the normal dispute-resolution channels of the World Trade Organization — not through measures that risk sparking a trade war during which both sides would lose.
Read more: http://www.kansascity.com/2011/02/20/2669481/the-stars-editorial-in-a-trade.html#ixzz1EeuPi2XE