Op-ed: President Trump is at war with American companies, toy firm CEO says
, houses and condos you were able to sell at inflated prices. How do you dare criticize American businesses for legally and successfully doing business with one of our biggest trading partners? How dare you cast a stone, given your history with failure at business?
Mr. President, you say: "China is ripping us off to the tune of $500b." That's not the real story. It is true America buys more merchandise produced in China than American companies sell into China. However, that is because we consume at a higher rate per household. We like stuff. China also buys products exported from America such as Boeing jets, John Deere tractors and Disney movies. We are not being ripped off. China takes much of the money it and its companies make from the U.S. and reinvests over $1 trillion in U.S. Treasury bonds, which go to help America finance its government spending – including tax cuts.
America wins because we do business with China, Mexico, Canada and the EU, not despite it. Why are you fighting with all our key trading partners while you let Russia, Saudi Arabia and North Korea off the hook? Something is not right here.
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