It's just telling that you've got an authoritarian playbook that sort of, at every pass, seems to be more focused on driving up corporate profits at the expense of the American people.
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The Case for Fair Trade
tariffs.’ A conservative Administration might do well to look at such a tax as part of its trade agenda.
CHALLENGE #2: COMMUNIST CHINA’S ECONOMIC AGGRESSION AND QUEST FOR WORLD DOMINATION®
Among all of its bilateral trade relationships, America’s relationship with Communist China is the most fraught with difficulty. The problem is not just that the relentlessly mercantilist and protectionist trade policies that China has pursued ever since its accession to the WTO in 2001 have led to chronic, massive, and ever-expanding trade deficits. Communist China’s economic aggression in the traditional trade policy space is further facilitated by equally aggressive industrial policies and technology transfer—forcing policies that are designed to shift the world’s manufacturing and supply chains to Communist Chinese soil.
The Chinese Communist Party’s policy goal is to propel the Chinese economy, but its broader goal is to strengthen Communist China’s defense industrial base and associated warfighting capabilities. That China unabashedly seeks to supplant America as the world’s dominant economic and military power is not in dispute. Rather, itis a prominent feature of Communist Chinese dictator Xi Jinping’s rhetoric. Xi has promised that the deed will be done by 2049, the 100-year anniversary of the Communist takeover of the Mainland.”
In light of Communist China’s broader geopolitical and military agenda, the American President who takes office in January 2025 must view the U.S.-China trade relationship and associated policy reforms within the context of the broader existential threat posed by Communist China. The question is whether that next President should seek to decouple economically and financially from Communist China as America’s first best response to China’s unrelenting aggression or continue efforts to negotiate with an authoritarian country and brutal dictatorship with a well-established reputation for failing to abide by any agreements it enters.
Institutionalized Aggression. Table 5 depicts more than 50 types of policy aggression institutionalized by the CCP across six different categories of such aggression. Viewed as whole, the extent of Communist China’s aggression is breathtaking.
At the trade policy level, Communist China relies heavily on a wide range of mercantilist and protectionist tools to protect its own markets and unfairly exploit foreign markets. These instruments of Communist Chinese trade aggression include high tariffs and nontariff barriers, currency manipulation, a heavy reliance on sweatshop labor and pollution havens, the dumping of unfairly subsidized exports, and widespread counterfeiting and piracy: Communist China is the world’s largest source of counterfeit and pirated products.
In addition, Communist Chinese enterprises benefit from preferential policies that have burdened world markets with subsidized overcapacity. The resultant glut