America has become an unwitting partner in a trade policy designed in Beijing—a policy that systematically erodes U.S. manufacturing, distorts global markets, and leaves American workers at a disadvantage. The post Breitbart Business Digest: How China’s Predatory Mercantilism Created America’s Trade Deficit appeared first on Breitbart.
The article examines how China's predatory mercantilism has led to the U.S. trade deficit. It highlights China's policies, including suppressing domestic consumption, maintaining low wages, and using state subsidies, which create an unfair trade advantage. The U.S. is forced into a trade deficit not by choice but due to China's manipulative practices, such as currency control. Expert Michael Pettis underscores that trade deficits stem from deliberate policies rather than consumer choices. The trade imbalance is one-sided, with other nations buying from China without reciprocal trade. The U.S. must address this issue as a national security concern to counteract China's dominance.