Dear Mr. X,
You represent the majority who have this misconception. Free trade always
works if it is played fairly. You buy the best from any country at the
least cost. For example, you do not want to plant sugar cane in Alaska or
in Hawaii with high labor cost.
The funny thing
about the banning of Chinese tires is we do not gain ONE single job and that is the original purpose. The new import goes to SE Asia countries who could not compete with
Chinese tires before. That's not the way to tell Chinese we're superior at the risk of a trade war.
I blame China for not
understanding American politics. They do not have to lower the prices
that much, just enough to be competitive. [This is on the 200% or so tariffs on Chinese steel.]
China does not have slave
wages today and that goes to many low-wage countries such as Vietnam. It
should go to India and however, India's governance is so poor that they
cannot even copy a workable model from China by building a 'small economic zone'. It proves that wages is
only a factor, but not important to make a difference such as infrastructure including electricity and transportation of the finished goods.
are have many threats from China besides the rare earth elements such
as our national debts to them. China today still cannot say 'No' to the
US, but it will change in time. Hope your nationalism will not cover
your eyes. Do not mix philosophy and idealism with real life.
country and every generation have its advantages and disadvantages. We
are the victims of our own success. With the high-living standard, we
cannot compete with low-wage jobs in labor-extensive industries. The $20 per hour can never compete with the $2 per hour that is
available in many countries beside China.