Trump scapegoats China, but banks and businesses operating there are the real thieves

China was America’s whipping boy again this week. President Donald Trump used his United Nations General Assembly speech to accuse and to threaten Beijing for its role in covering up the early stages of the pandemic. He said that the U.N. “must hold China accountable for their actions.”

In other words, China must pay. Tough words with the promise of an even tougher response.

But rhetoric is where the toughness ends because China continues to profit from Washington’s indifference, political ineptitude and irresponsible policies. In reality, American farmers, consumers and middle-class citizens are paying the heftiest price for China’s misbehavior, rights abuses, cyber-espionage and intellectual-property theft. READ MORE

Americans are real victims of our trade war with Mexico and China

America has declared war on China and Mexico, but it is a new style of warfare. Or at least it seems so. With the latest volley of levied and threatened tariffs on Chinese and Mexican exports, POTUS has thrust the U.S. into a new phase of economic warfare against both competitors and friends.

Americans, however, will end up paying the price.

Modern warfare is no longer just conducted by guns and bombs. Wars today are ongoing and take place during what seems like peacetime. Just because a financial war appears bloodless does not mean it is also harmless or without victims. In fact, the silent, unseen economic warfare Donald Trump is waging — and threatens to escalate — is highly effective at hurting both people and nations. READ MORE