In Amitrajeet A. Batabyal’s May 2 op-ed, “Does trade with China hurt American workers?” a false and irrelevant choice is presented.
China’s state-managed and subsidized capitalist system has grown by way of trade cheating and rigged, predatory prices rather than free market practices. Low labor costs are not enough to drive competitive advantage. This is why the Chinese government manipulates its currency artificially, gives away land and factories to favored industries, and provides them with free or low-cost raw materials, energy and other subsidy benefits.
The proper and critical question is, “How can we balance trade with China and minimize trade cheating?” The United States is the worst trade-performing nation in the world, because we have the biggest trade deficit. Truly free trade results in balanced trade. The Trade Adjustment Assistance program is basically “burial insurance” payable after you’re economically dead. There are no “win-win” scenarios with subsidized and predatory, unbalanced trade.
The members of the Rochester Technology and Manufacturing Association are regarded as one of the most technologically advanced and diverse clusters of contract machining and manufacturing companies in the United States. They can compete with any company in the world. However, they cannot compete with the unlimited resources of foreign governments that target our industries or our economy.
Rochester Technology and Manufacturing Association
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