Tags: China | china | economy | strength | need

US Economic Strength Doesn't Depend on China

US Economic Strength Doesn't Depend on China
(Andrii Kytaiko | Dreamstime.com)

By Friday, 25 September 2020 02:30 PM Current | Bio | Archive

China has a desperate need for a Joe Biden presidency.

President Donald Trump has been offering warnings to the Chinese government. “You better hope that Biden gets elected because I’m not playing around with China anymore.” From now on, it’s going to have to be a lot of two-way streets, and an end to spying and stealing of intellectual property before we're going to play nice with China again.

One thing that has been proven by the trade deals, the trade sanctions and the trade tariffs is that we don't need China. The markets went up the entire time all those tariffs were happening. It proves we don't need China at all. It didn't hurt our economy one bit. We retooled.

We took care of it and it wasn't a big deal. Remember the doom and gloom scenarios the Democrats/socialists were painting. The socialists were saying ‘oh my word’, we're going to go into a deep depression. We're going to see hyperinflation to the likes of which we have never seen. That's what the socialists were saying about this trade war. Yet, none of that happened.

People didn't lose their jobs or our unemployment rate didn’t go up. We didn't lose businesses. Supply chains dramatically adapted and are still changing, particularly in light of COVID-19.

I can't speak for the rest of the world, but the U.S. has changed very quickly. Why? Because we weren't as highly dependent on China as so many other countries were. And why weren't we?

Because China wouldn't let us be. Their policies of we will send our goods to you but you can't send your goods to us backfired big time.

China had no ammunition to hang over our head. The idea of, well, we're going to tariff your trade coming in here had no teeth. It’s only about a half of one percent of what we trade.

I mean as if that's really going to hurt us? Knock yourself out. They (China) have had no ammunition all because of their own doing.

Dan Celia is president and CEO of Financial Issues Stewardship Ministries, Inc., and host of the nationally syndicated radio and television program “Financial Issues,” heard daily on more than 660 stations across the country and reaching millions of households on several TV networks, including FISM-TV. Visit www.financialissues.org.

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DanCelia
I can't speak for the rest of the world, but the U.S. has changed very quickly. Why? Because we weren't as highly dependent on China as so many other countries were. And why weren't we?
china, economy, strength, need
387
2020-30-25
Friday, 25 September 2020 02:30 PM
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