Sixty percent of China’s Exports to the U.S. Are From Non-Chinese-owned entities

I have never heard of Mary Lovely of Syracuse University but she offers some welcomed rational thinking in this op ed in today’s New York Times. I recently estimated that more than 50 percent of China’s exports to the United States were not manufactured by Chinese entities. But she estimates that 60 percent of China’s […]…

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How America Has Benefitted From The Global Trading System

President Trump loves to play on American fears that we have been victimized by evil foreigners. He says we are the “laughing stock” of the world and the world’s “piggy bank” because of our persistent trade deficits. But in truth, if any other country ran such large trade and fiscal deficits for so many decades, […]…

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An Important Article in The New York Times–How To Respond to China’s Technology Aspirations

Finally, the dam has broken and someone is talking sensibly about how the United States should respond to China’s stated intention to dominate many of the world’s emerging technologies by 2025, such as autonomous driving and Artificial Intelligence. Tariffs are not the answer. They have zero chance of working. Instead, Americans should out-innovate China, as […]…

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