It's a pretty reliable applause line on the campaign trail: As President I will stand up to China. The US actually has brought an unfair trade case against China before the World Trade Organization, but a bill that would get tough on Chinese currency manipulation languishes in Congress with neither candidate's prodding his party to push it along. Can one country really bully around a trade partner that it owes $1.2 trillion? How unfair is the game that China's playing? We discuss the economics of trade, the reality of the Chinese economy and the realistic options for any American president.
Trading Barbs over Foreign Trade
Credits
Guests:
- Joshua Meltzer - Brookings Institution
- Steven Dennis - Bloomberg - @StevenTDennis
- Greg Anderson - business consultant and author - @GE_Anderson
- James Fallows - Atlantic - @JamesFallows