www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Americas

Trump again criticizes US trade deficits

By Chen Weihua in Washington | China Daily USA | Updated: 2017-12-07 04:54
Share
Share - WeChat

US President Donald Trump continues to blame global trade for causing the loss of American jobs and the rise of US trade deficits, a view disputed by many economists and trade experts.

"We have a trade deficit with everybody," Trump said on Tuesday before a meeting with Senate Republicans on tax reform.

He cited the $71 billion US trade deficit with Mexico and a $17 billion one with Canada, two other members of the North American Free Trade Agreement, or NAFTA.

"That's going to be changing. It's already changing. But it's going to be changing fast," he said of the deficits.

Trump did not mention the US trade deficit with China, with which the US runs the largest trade deficit. Instead, he talked about the $250 billion in trade deals he brought back from China last month.

"We went to China. We brought back over $300 billion worth of contracts from Asia. So it's a very successful trip," Trump said.

US Commerce Department data on Tuesday showed that the US trade deficit in October expanded 8.6 percent from September, with record imports from China, Mexico and the European Union before the holiday season. The $48.7 billion has been the highest monthly trade deficit recorded since Trump took power.

In recent years, Trump and many US politicians have been describing the US as the victim, rather than a major beneficiary, of global trade and globalization that the US had championed for decades.

Dani Rodrik, a professor of international political economy at the Kennedy School of Government at Harvard University, believes the main reason for the complaint in the US is that the gains of globalization have not been equally distributed in the US.

Slower global economic growth has translated into stagnating or falling wage growth for many US workers, according to Rodrik.

He pointed out that the groups devising and setting the rules of globalization have been large corporations, many in the US. "And they have been the big beneficiaries," he said on Tuesday in a talk about his latest book Straight Talk on Trade: Ideas for a Sane World Economy.

"It's really in the United States that it's the distributional issue," he said.

The US government, unlike those in Europe and many Asian nations, has been criticized for doing a poor job in helping people adversely affected in the globalization process.

Trump, Hillary Clinton, Bernie Sanders and Ted Cruz, the four major presidential candidates in 2016, all opposed the Trans-Pacific Partnership (TPP), a free trade agreement among 12 Pacific Rim economies.

Rodrik did not believe that the TPP would help the US economy much. He described it as mainly to serve US geopolitical interests against China.

The Harvard professor noted that the inequality issue in China has also become more serious, but the rapid economic growth in China means that on the whole, everybody seems to have benefited.

Scott Miller, a trade expert at the Center for Strategic and International Studies, said on Tuesday that the US has completed the weaponization of trade politics.

"To be honest, I see this as a bipartisan achievement. ... We have this weaponized now," he said.

There is renewed concern that the Trump administration may escalate trade confrontation with China, following the ongoing Section 301 investigation into China's intellectual property policies and practices and the anti-dumping and countervailing duties imposed on Chinese aluminum foil.

On Monday, Chinese Ambassador to the US Cui Tiankai delivered a stern warning to US trade hawks.

"There are people in Washington DC who believe that economic and trade issues between our countries should be resolved through a trade war. And I want to tell them, economic and trade relations between our countries are mutually beneficial by nature," he said.

"Cooperation will make both countries winners. And confrontation will make everybody losers," Cui said, before a performance by the Rocky Mountain Ballet Theatre at the Chinese embassy.

chenweihua@chinadailyusa.com

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 国产草草影院ccyycom软件 | 99re久久精品国产首页2020 | 欧美一级片观看 | 日韩精品无码一区二区三区 | 美女视频黄a视频免费全程 美女视频黄a视频免费全过程 | 亚洲毛片在线看 | 欧美日韩视频在线第一区二区三区 | 欧美日韩不卡在线 | 好看的看黄a大片爽爽影院 好男人天堂网 | 波多野结衣在线观看一区 | 成年网在线观看免费观看网址 | 996re免费热在线视频手机 | 欧美在线视| 理论在线看 | 亚洲成人国产精品 | 九九在线免费视频 | 久久精品成人免费网站 | 成人免费大片a毛片 | 欧美成人观看视频在线 | 亚洲国产精品久久精品成人 | 久草免费福利视频 | 国产美女一级视频 | 99九九国产精品免费视频 | 欧美三级在线观看不卡视频 | 一级黄色毛片免费看 | 久久久日韩精品国产成人 | 日韩欧美精品一区二区三区 | 日韩精品久久一区二区三区 | 韩国激情啪啪 | 怡红院亚洲红怡院天堂麻豆 | 日本一道免费一区二区三区 | 99久久精品久久久久久清纯 | 国产特黄一级一片免费 | 成熟的女性强烈交性视频 | 狠狠色狠狠色综合 | 中国一级特黄大片毛片 | 日产一一到六区网站免费 | 久久手机在线视频 | 国产在线综合视频 | 日韩一区二区视频在线观看 | 成人永久免费视频网站在线观看 |