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Trade Policy Priority One: Averting a U.S.-China “Trade War”


So, how are we (sorry, I mean President Obama)  doing  on that top priority?


The policies that President Obama outlined in his State of the Union Address undermine the strength of America’s economy, and are the wrong way to react to the changing nature of trade….  First, it makes no sense to favor American companies over foreign companies.  These are the types of policies that will drive plants for Toyota, BMW, Hyundai, Volkswagen, and Honda out of the American South…  Second, punishing companies for locating segments of the production chain in other countries makes those industries less efficient…  Third, targeting industries for special treatment, like high-tech manufacturing, relies on outdated arguments for industrial policy.



President Obama has let the Chinese government keep out American goods, forcing American companies to build their factories in China and give away their proprietary technologies to their Chinese competitors in order to access China’s growing market.”



America’s trade position vis-à-vis Russia has dramatically worsened under Obama’s ‘leadership.’




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