Chinese protectionism is THE issue NOT any deficithttps://twitter.com/erikbryn/status/983354912670089216 …
Right, I think we'd have a deficit even with perfectly free trade because: 1. There is a labor cost arbitrage still 2. The dollar is the world's reserve currency, which drives up our currency relative to others and makes importers relatively cheaper 3. Chinese people work hard!
-
-
This Tweet is unavailable.
-
I don't think so. Relative to its older population, China has a glut of people in their early 30s. USA, not so. There is excess labor capacity relative to consumption demand, so it is exported.
- 2 more replies
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.