There’s an important point to remember in the current U.S.-China trade conflict: Beijing started it. For the past 20 years, China has been at war with the U.S. economy, using massive subsidies, currency manipulation and intellectual property theft to continually erode America’s manufacturing base.
It’s a strategy that has worked phenomenally well. Over the past two decades, the United States has lost 5 million manufacturing jobs and nearly 90,000 factories.
After years of this economic aggression, the Trump administration is now saying, “Enough is enough.” But when the president recently imposed 25-percent tariffs on roughly half of Chinese imports, Wall Street cried foul.
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