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Reply to "does anyone think it is smart to declare economic war on China on Romney's first day in office? "
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[quote=Anonymous]I do business in China. China is the US's 3rd largest destination for exporting goods, after Canada and Mexico. Do we really want to get into a trade war with one of the US's best customers? Also the trade imbalance is already shifting and will continue to shift. The reason is that labor costs in China are skyrocketing due to a declining number of people entering the workforce (effects of the 1-child policy) and demands for rising wages as the cost of living increases. The tipping point is predicted to be in 2015, when manufacturing most goods in China and shipping them to the US will cost more than just making them in the US. As for environmental conditions in China, the Chinese realize this and they are rapidly combating it. Do you think they like all the smog and poisoning problems? Of course not. I'm pretty sure Romney is doing this as a pure vote-getter. He's smart enough to know what a vital trade partner China is for the US.[/quote]
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