What are the things China is doing that hurt our economy? How does a trade deficit work? We explain how trade with China functions and what people mean when they say it's bad for the economy or that it's taking away jobs.
This video will help you understand the Chinese trade issue and also some of the options the federal government has to deal with it.
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-- Jared Bernstein & Dean Baker, “Why Trade Deficits Matter,” The Atlantic (12/08/16), https://www.theatlantic.com/business/archive/2016/12/trump-trade-deficit/509912/
-- Patrick Gillespie, “Why a Trade Deficit Isn’t Like Losing Money,” CNN (03/07/17), http://money.cnn.com/2017/03/07/news/economy/us-trade-deficit-mexico-china-japan-germany/
-- Zachary Karabell, “The ‘Made in China’ Fallacy,” Slate (03/11/14), http://www.slate.com/articles/business/the_edgy_optimist/2014/03/u_s_china_trade_deficit_it_s_not_what_you_think_it_is.html
-- Adam Kelsey, “Everything You Need to Know About the Trade Deficit,” ABC News (03/31/17), http://abcnews.go.com/Politics/trade-deficit/story?id=46493683
-- Michael Collins, “It is Time to Stand Up to China,” IndustryWeek (06/13/17), http://www.industryweek.com/trade/it-time-stand-china
-- Ryan Pickrell, “Ford’s New China Deal Shows How ‘Unfair’ Trade With China Can Be,” The Daily Caller (03/14/17), http://dailycaller.com/2017/03/14/fords-new-china-deal-shows-how-unfair-trade-with-china-can-be/
-- Charles Wallace, “China’s Abusive Trade Practices Likely to Focus Trump’s Wrath,” Forbes (02/08/17), https://www.forbes.com/sites/charleswallace1/2017/02/08/chinas-abusive-trade-practices-likely-to-focus-trumps-wrath/#2bda40a86fdc
-- Annalyn Censky, “What is Currency Manipulation Anyhow?” CNN (11/11/10), http://money.cnn.com/2010/11/10/news/economy/what_is_currency_manipulation/
-- Eduardo Porter, “Trump Isn’t Wrong on China Currency Manipulation, Just Late,” New York Times (04/11/17), https://www.nytimes.com/2017/04/11/business/economy/trump-china-currency-manipulation-trade.html
-- Larry Light, “Is China the Unfair Trade Villain Trump Says It Is?” CBS (04/06/17), http://www.cbsnews.com/news/china-unfair-trade-trump-xi-summit/
-- Louis Jacobson, “Newt Gingrich Says China Stole $360 Billion in Intellectual Property From U.S.,” Pundifact (05/17/16), http://www.politifact.c
-- “The Federal Budget in 2016: An Infographic,” Congressional Budget Office (02/08/17), https://www.cbo.gov/publication/52408
-- David J. Lynch & Geoff Dyer, “Chinese Hacking of US Companies Declines,” Financial Times (04/13/16), https://www.ft.com/content/d81e30de-00e4-11e6-99cb-83242733f755
-- Jose Pagilery, “Ex-NSA Director: China Has Hacked ‘Every Major Corporation’ in US,” CNN (04/16/15), http://money.cnn.com/2015/03/13/technology/security/chinese-hack-us/
-- Lesley Stahl, “The Great Brain Robbery,” CBS News/60 Minutes (01/17/16), http://www.cbsnews.com/news/60-minutes-great-brain-robbery-china-cyber-espionage/
-- Zeeshan Allen, “Why Trump’s Plan to Ignore the World Trade Organization Isn’t as Reckless as it Sounds,” Vox (03/08/17), https://www.vox.com/policy-and-politics/2017/3/8/14766228/trump-trade-wto
-- Simon Denyer, “As Trump Prepares for Office, Concerns About Chinese Trade Intensify,” Washington Post (11/28/16), https://www.washingtonpost.com/world/asia_pacific/as-trump-prepares-for-office-concerns-about-china-trade-reach-a-crescendo/2016/11/27/472b5c26-b199-11e6-bc2d-19b3d759cfe7_story.html
-- Thomas Hout, “Where Trump Does (and Doesn’t) Have Leverage With China,” Harvard Business Review (12/16/16), https://hbr.org/2016/12/where-trump-does-and-doesnt-have-leverage-with-china