US and China have to resolve the 350 B trade deficit. It is not good for both countries. China needs to open to our products. Are we losing our competitive edge due to the war expenses? What happens when China competes with our higher-value products?
The huge trade deficit is bad. It leads us to borrow more money from
Japan, China... We have to pay for the debt in interest and that would
weaken our competitive edge.
So far, we can say no to our loaners. But, for how long?
A trade war could lead to a military war. Can China say no?http://bit.ly/2iwePet