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The really big problem with China is that there are the unfair trade practices, like currency manipulation, illegal export subsidies and the theft of intellectual property, but then there's also things that the WTO doesn't cover that it should, which is the use of sweat shops and pollution havens.

Peter Navarro

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Peter Navarro
Age: 75
Born: 1949
Born: July 15
Economist
Politician
Professor
University Teacher
Cambridge
Massachusetts
Navarro
Peter Kent Navarro
Trade
Currency
Intellectual
Shops
Export
Doesn
Sweat
Subsidies
Also
Cover
Theft
Problem
Illegal
Manipulation
Really
China
Practices
Things
Property
Pollution
Like
Havens
Unfair

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As soon as one bad actor like China massively cheats, they win at the expense of us they win at the expense of Europe and over time it threatens the entire integrity of the global financial system and the global trading system.
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No one should be surprised just because somebody isn't successful 100 percent of the time.
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This is what Donald Trump understands. This is the trade deficit. We run a trade deficit of close to $800 billion a year.
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If you've been to China, you know there are over 100 cities in China, and the pollution levels are just horrific - 60,000 people a year die in Chinese factories and facilities, because they don't have any safety regulations. It's a carnage it's Dickensian.
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Unfair trade practices drive up rents for younger people. They will drive up home prices for first-time home-buyers. So it's not just that we're losing jobs and factories. We're giving away our homes, our businesses, our companies, our technologies.
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China are running trade deficits with the rest of the world. If you look at the U.S. trade deficit, it's close to $800 billion trade in goods. Half of that is with China, so it's a big part of the problem. And the problem with China, as opposed to, say, Canada, is that China cheats.
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