We hear a lot about China and the US. We are told that China is stealing us blind or just taking all of our manufacturing jobs.
What happens when one country buys billions of dollars in public bonds or literally makes just about everything that we can consume? The answer is that we are vulnerable to that country.
My guess is that we've reached a point where a US president needs to sit down with China and reset the rules of the game. Yes, we want free trade but that's not what we have now.
There are also national security implications when one country can exercise undue influence because they hold a lot of your debt.
It's time to reset the relationship. We can start by making it more profitable for US companies to manufacture in the US and to attract more foreign investment into our economy.
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Tags: US-China: What could go wrong?
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