Most of China's growth has come directly off the backs of US manufacturers and the US labor force. And other countries are now following suit! The world is using our economy to lift themselves up from the mud and filth. That's not a bad thing, until you realize just how many people our economy must support! We will go belly up before we lift the world out of the muck! China, and now other low-labor-cost nations, don't want to see the gravy train end!
Just FYI - this is China's plan to rape the US people since the 1990s - and they've had this cash machine running day and night for decades:
1. Use Chinese low-cost labor to under-cut US production prices.
2. No tariffs = direct to consumer prices
3. Flood US Markets with low-cost goods that US Manufacturers can not compete against (because Chinese laborers work at a rate of $10 US per day, well below the US minimum wage - so - by US law - American manufacturers can not compete with Chinese imported products).
4. US Manufacturers go out of business because they can not compete
5. Collect and Export cash from US sales to China, draining cash from manufacturer profit and manufacturer expenses (loss of jobs) - which directly translates into a loss of government taxes, employee income taxes, and corporate income taxes, weakening the US government. The US people are trading more than 60% taxable income for 6% sales tax income.
7. China taxes and uses that incoming cash to invest in:
* Chinese growth to make China more competitive - which drops price more - which cements export processes - which floods more US industries with Chinese goods - which forces more US companies out of business - starting the cycle all over again.
* Loan money back to the US to buy up chunks of the US at a discount
* influence elections to guide US laws and policies in favor of maintaining the gravy train.
Wake up, folks! This is the new world war. The US taught the world how you win - which is through manufacturing strength. He who makes the goods, has the cash. He who has the cash, can afford the biggest sticks to whack people with. We are at war! And we finally have someone who will negotiate fair trade!