Debunking Donald Trump Lies – ‘Trump: ‘We can’t continue to allow China to rape our country’
Donald Trump – The Ugly American
‘Trump Clothing Line Made in China AND Mexico’
‘As Donald Trump continues to rail about the evils of China and Mexico taking away American jobs because American companies build factories there, his hypocrisy comes out more and more. A few weeks ago it was revealed that the dress shirts for his line of clothing were made in China’.(1)
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‘The top export destinations of China are the United States ($432B), Hong Kong ($258B), Japan ($166B), Germany ($101B) and South Korea ($88.9B). The top import origins are South Korea ($142B), the United States ($134B)’.(2)
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‘If the Chinese stopped buying Treasurys — or worse started selling them en masse — it could have a catastrophic effect on the dollar and the nation’s fiscal state as a whole’.
“A trade war would be very detrimental to the U.S. and the global economy,” said Michael Pento, chief economist with Delta Global Advisors, Inc., a money management firm. “We should have fair, open trade. But our banker right now is the Chinese, and it’s best not to bite your banker’s hand.”(3)
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‘No one should relish threatening China with a 25 percent tariff. It would be illegal under existing WTO rules; to save the postwar trading system, we’d have to attack it. This would risk an all-out trade war just when the world economy is already tottering. There’s no guarantee that China would respond as hoped. Initially, it might retaliate. Cooperation on other issues would collapse. Prices of Chinese exports (consumer electronics, shoes) that we barely make would probably rise. Other countries might adopt protective measures’.(4)
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(1) : http://www.patheos.com/blogs/dispatches/2015/07/03/trump-clothing-line-made-in-china-and-mexico/
(2) : http://atlas.media.mit.edu/en/profile/country/chn/
(3) : http://money.cnn.com/2009/09/14/markets/thebuzz/index.htm
The Last Of The Millenniums 
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