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The US government is completely dysfunctional and corrupt at this point and is unable to muster any kind of coherent trade policy. This has allowed China to out
by guelo 10y ago
The US government is completely dysfunctional and corrupt at this point and is unable to muster any kind of coherent trade policy. This has allowed China to outmaneuver US repeatedly. This is most obvious recently in the Boeing deal where they are going to build a factory in China and give away all there knowhow after congress refused to reauthorize the U.S. Export-Import Bank, blocked by one senator. See here http://www.nytimes.com/2016/06/28/business/international/a-single-senator-stymies-the-export-import-bank.html http://www.nytimes.com/2016/06/28/business/international/a-s...