Chinese Exports to the USValue: $462B
Chinese GDP: $11.8T
Exports as a percentage of GDP: 4%
US Exports to ChinaValue: $115B
US GDP: $19.4T
Exports as a percentage of GDP: 0.6%
So trade between the two countries is 7 times as important to China as it is to the US. Trump is negotiating from a position of strength and is doing just what we want a president to do. China has gotten away with the unfair trade practices typical to a fascist / corporatist nation for years against administrations from both parties who were advised by the "best and the brightest." It has also practiced intellectual and electronic theft and piracy on an industrial scale. Additionally, Chinese expansion in Southeast Asia has violated all manner of International law.
That the Chinese hold vast sums of US Treasuries is a weapon I don't think either side will use. We'll see. In the meantime, Trump has a good hand to play. Not that you'd know it from the hysterical, little girls in the press.
|China is building military bases on artificial islands. Quite the aggressive bunch, no?|