The big story is President Trump refusing to back down from China.
“We are right where we want to be with China. Remember, they broke the deal with us & tried to renegotiate,” he tweeted on Sunday. “We will be taking in tens of billions of dollars in tariffs from China. Buyers of product can make it themselves in the USA (ideal), or buy it from non-tariffed countries.”
Today the president is being applauded across the political spectrum for his tough approach. But remember it wasn’t always like that.
During his administration, President Clinton said, “Everything I have learned about China as president and before — and everything I have learned about human nature in a half-century of living — convinces me that we have a far greater chance of having a positive influence on China’s actions if we welcome China to the world community instead of shutting it out.”
Clinton’s successor, George W. Bush put it like this: “Open trade is a force for freedom in China, a force for stability in Asia, and a force for prosperity in the United States. When we open trade, we open minds. We trade with China because trade is good policy for our economy, because trade is good policy for democracy, and because trade is good policy for our national security.”
And Bush’s successor, Barack Obama, said, “The United States welcomes the rise of a China that is peaceful, stable, prosperous, and a responsible player in global affairs.”
We were told all this by everyone in the establishment, left and right. If we open up to China, if we give them the Olympics, if we only scold them gently behind closed doors — because they hate losing face — .if we do all that, China will behave.
What idiots! China never had good intentions. Since the late 1980s, its stated aim has been world domination, technologically and militarily. Their path to that was economic domination, achieved by hacking and stealing the West’s technology and exploiting its own workers and the environment. The establishment idiots were too naive — or too corrupted by Chinese cash — to see it.
You can read more here.