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Trump vs. China, Part III by Bill Roberts
Trump vs. China, Part III 
This past weekend the twenty largest economies (the G20) met in Argentina. Normally, no one pays any attention to these meeting. The world Bank and The IMF think this is important, but very few others share their enthusiasm.
But this time it was different. Trump made the difference. Everybody was speculating what he would do. Would he meet with Putin? What about the EU?
And what would come of his meeting with Xi, the Dictator (Premier) of China?
Everybody watched. China caved. They announced a “truce” on the trade war. Oh yes, it is  a war, but we have been in denial for 40 years. China has been “aggressively” abusing us ever since President Nixon opened trade with China. We allowed them to join the WTO, and they quickly abused that as well. They had Favored Nation treatment, Developing Nation status, and were allowed to have tariffs and non-tariff barriers to our products.
They sold us trillion of dollars worth of their products essentially tariff-free while we were kept out of their markets.
And we all know that what they made was crap. “Made in China” means CHEAP. Cheap in price, but also cheap in quality. How many of our pets died ... more

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