On October 18, 2012 USA Today published an article by the editorial board arguing that getting tough with Chinese trade will hurt us, not help us. I believe the authors were credible because they are adequately representative of financial and economic groups within USA Today. The intended audience is Americans.
The article states several reasons why "China Bashing" won't work. For example, it says "U.S.-China is complex, the U.S. needs China to pressure North Korea against Iran's nuclear ambitions," which may not happen if trade with them halts. Also, "if China stopped buying U.S. bonds, interest rates would increase."
The article claims that it would hurt American companies because their sales would decrease dramatically due to no longer having a competitive edge. Lastly, it states the plan simply wouldn't work. "China will never change under pressure from the U.S. It take them believing their policies are not in their best interest for any serious change to occur. The article suggests the U.S. should take a "more mature and sophisticated approach, and not one that could spark a trade war that would backfire on U.S. consumers and business," but never suggests what that should be.
I disagree. We need to concentrate on growing our economy and that should include more U.S. made products, and less Chinese products, which will lead to growing U.S. businesses, and in turn more U.S. manufacturing jobs. Why is this hard for some to believe? It's simple, the more we rely on other countries the worse off we will be. Period. We need to become a more independent country. If China wants our business they will conform to our standards. We need to set in place incentives for companies who do their business here to help accommodate them for higher wages they pay here. I think its important to become self-sufficient as a country, its affecting us now and will for future generations.
No comments:
Post a Comment