In an appearance on Monday evening on the The O’Reilly Factor, the presidential candidate and sayer of things about China criticised the Obama administration for its plans to hold a state dinner when the Chinese president visits Washington next month. The result was an escalation of corporate debt that’s now feeding the country’s problems. “Look, it’s not so much the companies, it’s our government that allowed China to do this to us”.
Chinese language authorities haven’t responded to both comment. Stocks rose to unsustainable levels and then crashed.
U.S. companies have flocked to China to manufacture their products because of lower wages and an undervalued currency. Skeptics anxious that the devaluation was instead a desperate move to bail out China’s struggling exporters. The dizzy fall revealed how global turmoil emanating from China’s slowing economy could affect the finances of U.S. households. Total trade with China has grown from $366 billion in 2009 to almost $591 billion in 2014.
“Without China there is no Walmart, and without Walmart there is no prosperity”, Laffer told Fox News. “We should say those… honors should only be bestowed upon leaders and countries that are allies and supporters of the United States, not just for China, which is a strategic competitor”. We lose to China.
“The truth is that we are the biggest single contributor to Chinese growth“.
In an interview with The New York Times, Trump said that investors are “better off holding” their stocks.
On the Democratic side, the protectionist messages of candidates like Sen. We lose to Mexico each in commerce and on the border.
“It is through engagement with China that the United States has been able to make progress on issues that are important to US businesses and to the American people – from increasing access to the Chinese market for US firms, to securing an ambitious climate change agreement”, Schultz said.