Trump accuses China of 'raping' US with unfair trade policy


#1

bbc.co.uk/news/election-us-2016-36185012

**Trump accuses China of ‘raping’ US with unfair trade policy

Republican presidential front-runner Donald Trump has accused China of “raping” the US, in renewed criticism of China’s trade policy.

He told a rally in Indiana that China was responsible for “the greatest theft in the history of the world”.**

Mr Trump, a billionaire businessman, has long accused China of manipulating its currency to make its exports more competitive globally.

This, he says, has badly damaged US businesses and workers.

“We can’t continue to allow China to rape our country, and that’s what we’re doing,” he told the campaign rally on Sunday.

“We’re going to turn it around, and we have the cards, don’t forget it,” he added. “We have a lot of power with China.”


#2

While I would dispute his “rape” analogy, which I don’t consider to be very savoury language, this is one of those exceedingly rare occasions - and I reiterate the word ‘exceedingly’ - where I find myself (somewhat) in tacit agreement with Mr Trump.

Hate admitting even that much since I really, really, really can’t stick him. But I’m a honest Joe.


#3

Agreed. I don’t like him either, and I don’t like the extreme language that he uses.

But much of what he says is accurate. China has manipulated currency and trade, allowed rampant intellectual piracy, and likely even actively engaged in cyber-war against us.

Meanwhile our politicians keep worshipping at the altar of globalism.


#4

True. :thumbsup:

Which is why I find the concept of the “BRICS bloc” very, very scary. The C (and possibly the R) will devour the rest and grow stronger. And then… :frowning:


#5

Then don’t sell US Treasuries to them. They’re only financing our debt and keeping interest rates low. What the heck is Trump complaining about?

ticdata.treasury.gov/Publish/mfh.txt


#6

To think that some people still find him ill-mannered and boorish.

Its shocking. :slight_smile:


#7

I bet that Bernie would get China to respect the US since he is a socialist. I do not support Bernie though. I would rather be at odds with China than be friends with them.


#8

Great. A trade war with China.

Sayonara, prosperity, hello, Great Depression 2.

Everybody’ll miss GWB sooner than I expected.

ICXC NIKA


#9

I think I miss the days when politicians would just play the Race Card.


#10

That was my first thought, and I was afraid I d misunderstood it.


#11

I doubt it, and I’m voting for Bernie in the California primary.

Bernie’s socialistic leanings are nothing when compared to European socialists let alone Chinese communists.


#12

Rape? I am sure any woman (or man) who has been raped would not agree that the experience was comparable to unfair trade. Trumpspeak reminds me a lot of Kim Jung-un.


#13

Well, the use of rape references by male politicians in comparable contexts is hardly unprecedented; Google the 1990 TX governors’ race for an egregious example.

It’s a shame that DT is wholly getting away with it this time, unlike Mr Williams in 1990.

ICXC NIKA


#14

Yet another example of how the media gave Trump an easy path to defeating Cruz and Kasich.

Does anyone think the media will change their approach to him when he’s going against Hillary Clinton? :wink:


#15

Im not sure what your saying but your better with this than me, but China finances our dept so to speak so that the US can keep buying the goods China produces. China sells more goods “and cheaper being the issue” and services to the US, than the US sells to China. The intent is to maintain solid export growth thus relating back to their own economy growth. The reasoning is the stability of the market. So in essence the relationship is interactive and dependent on each other. The complaint is the exchange equality of import/export goods which is to balance the market favors China is unrealistic trade practice. The question of China not buying the US treasures of us not selling them results in the collapse of the dollar not resolving either issues.

How Did China Become One of America’s Biggest Bankers?

China is more than happy to own a fifth of the U.S. debt. Owning U.S. Treasury notes helps China’s economy grow by keeping its currency weaker than the dollar. That keeps products exported from China cheaper than U.S. products, creating jobs for its 1.4 billion people.

The United States allowed China to become one of its biggest bankers because the American people enjoyed low consumer prices. Selling debt to China allows the U.S. economy to grow by funding federal government programs. It also keeps U.S. interest rates low. However, China’s ownership of U.S. debt is shifting the economic balance of power in its favor.

Why Does China Own So Much U.S. Debt?

China makes sure its currency, the yuan, is always lower than the U.S. dollar. Why? Part of its economic strategy is to keep its export prices competitive. It does this by holding the yuan at a fixed rate compared to a basket of currencies, the majority of which is the dollar. When the dollar falls in value, the Chinese government uses extra currency to buy Treasuries, which increases demand for the dollar, increasing its value. Also, China promises to redeem dollars for yuan at the fixed rate. It must keep a good supply of Treasury notes in reserve.

useconomy.about.com/od/worldeconomy/p/What-Is-the-US-Debt-to-China.htm

The issue in my reading results here…

lower standard of living, which allows companies in China to pay lower wages to workers.
An exchange rate that is partially set to be always priced lower than the dollar.
However, this means that many American companies can’t compete with China’s low costs. As a result, many jobs are lost. From time to time, legislators try to impose tariffs or other forms of trade protectionism against China to bring jobs back.

However, if this were to actually happen, U.S. consumers would have to pay higher prices for their “Made in America” goods. That’s why it’s unlikely that the trade deficit will change. Most people would rather pay as little as possible for computers, electronics and clothing – even if it means other Americans lose their jobs.

I agree the US will pay more for US products but I don’t see that as a major issue in growing the financial economy and balancing the trade. This in effect happens now with the same product built here as opposed to there.


#16

To give Mr. Trump his due, he could be using it in the archaic sense of “rape, loot and pillage”… :stuck_out_tongue:


#17

**TRUMP =====> HILLARY ** as BERMUDA GRASS ======> JOHN DEERE MOWER.

And I for one won’t be grieving.

IMNAAHO.


#18

An unfair trade policy is not rape.

Rape is not his (or anyone’s) term to use as a casual metaphor.

To appropriate rape to describe a trade deficit is profoundly gross. And it is a particular cruel that a presidential candidate who traffics in unapologetic sexism would appropriate rape on the same campaign trail where he bragged about being endorsed by convicted rapist Mike Tyson.

He doesn’t actually care about the harm done to women, who are disproportionately victimized by sexual violence. Indeed, he is so removed from the potential of being a victim himself that the closest thing he can imagine to being raped is being financially taken advantage of.


#19

And our capitalists keep tripping over themselves in a rush to get there.

To blame China, as Trump is doing, is pure demagoguery…unless I missed it when the Chinese army came over here, and at gunpoint, forced our companies to relocate their manufacturing there.


#20

China is guilty on several accounts. First, they have state-sponsored industrial espionage, especially in hacking, stealing technology, and piracy.

Second, they subsidize some industries specifically to improve their competitiveness with us.

Third, they manipulate their currency in ways that reduce American imports.

These are things that are supposedly prohibited by our trade agreements, but they blatantly break those rules because they know our current chief executive won’t do anything about it.


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