You are talking comparative advantage. True, China has a comparative advantage. They cheat. There are no refs in trade so it is up to the players to police the game. Trump merely is saying quit cheating or we are taking our ball and going home. There are plenty of players who don’t cheat and we will play the game and China like one ball Lance can just go play with themselves.
heh.
What confusion. The “refs” in the free market are the self interests of both the buyers and the sellers who don’t need government “refs” to tell them what’s good for them.
Socialist arguments abound around here.