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U.S. Won?t Grant China Market Economy Status

serfserf Member Posts: 8,877 ✭✭✭✭
edited December 2016 in Politics
Even The Obama administration admits that China is dumping products below value to capture market share Under WTO.

Funny how petroleum oil is free of these market constraints and can manipulate their market at will!

Oil cartels,trade blocks and money clearing houses are mucking the waters for all to cause all out war to decide who is in charge of the world!

The US dollar has only military might now to hold the value of the U.S.dollar! It soon will lose reserve currency status in the world however. In my opinion.

http://www.wsj.com/articles/u-s-wont-grant-china-market-economy-status-u-s-senior-official-says-1481318577

Tension between the U.S. and China has been elevated in recent years over a host strategic and economic issues. The Obama administration has filed scores of anti-dumping and counter-valuing duties on Chinese imports, from shrimp to steel to solar cells. "Maintaining China's status as a nonmarket economy is yet another step in the Obama administration's vigorous enforcement of trade laws against China and holding China to its WTO commitments," the senior official said.

But since Mr. Trump has put China in his trade-policy crosshairs, those strains are expected to intensify.

http://www.wsj.com/articles/imagining-a-dystopia-of-the-dying-dollar-1480610845
The forces that would damage or destroy the dollar's reserve currency status have nothing to do with Trump," he said. In The Road To Ruin, published this month, he argues that in the next crash it will be SDRs, not dollars, that are relied on to rescue the financial system.

Comments

  • spasmcreekspasmcreek Member Posts: 38,925
    edited November -1
    if we don't get off the favoring china we will certainly be on the losing end ...they don't deal as equals because we don't hold em to it...and our repeated failure to by several presidents will now create a tough situation to go thru either way ...or just give up and give china everything it wants ....or takes
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