The world’s biggest trade parasite is worried that the U.S. is about to take a flea bath. Three separate articles from the Xinhua News Agency in one day are attacking the U.S., chastising us for protecting our farmers, for a rise in protectionist sentiment and – most incredible of all – for allowing the value of the dollar to slide. That last one is so unbelievable because it is our trade deficit, especially the deficit with China, that has eroded the value of the dollar in the first place. Do they really want us to take action to restore the value of the dollar, or are they just having fun tweaking our noses after enduring years of complaints about the value of the yuan?
Indeed, they have every reason to be worried. Americans are wising up fast to the true nature of free trade and the devastation it’s wreaked on our economy. The days of our leadership rubber-stamping “free” trade deals is over. It’s entirely possible that the next administration may begin a turn away from the WTO and begin dipping its toe back into the waters of the trade policies that built this nation into the industrial juggernaut it once was. China’s economy is flourishing only because it sucks $300 billion from the U.S. economy every year. Take that away and we’d soon see what a myth it is that they’ve somehow decoupled from their dependence on America.
If they really want to “decouple” from America, I say let’s help them out. Bring on the flea powder of tariffs and watch our trade “partner” fleas decouple from us in a hurry! Maybe they can find some other naive free trade disciples upon whom they can feed a while longer.