The New York Post
January 19, 2017
Even before taking office, Donald Trump has been good at bullying companies into keeping jobs in the US. That will win praise from voters, including me.
He has, essentially, abolished the Mexican part of the North American Free Trade Agreement, or NAFTA, by making US companies too afraid to move south of the border.
I didn’t like NAFTA when it was signed back in 1994, so good for Trump.
But the president-elect has also shown a total lack of understanding about world trade issues and how his domestic policies — and even his tweets — will affect the economy.
In fact, I confronted him about the trade wars he might be causing when we met last summer. He just shrugged it off.
Other presidents have picked fights with China, mostly about its human rights policies. China ignored them.
But Trump found the right nerve when he started talking directly with Taiwan. China doesn’t want the island to be recognized, so Trump’s decision to ignore the so-called “one China” policy has been shaking up Beijing.
What our new president doesn’t seem to understand is that China is not only a big market for a lot of US companies but also a key partner for Washington.
China owns around $1.3 trillion of America’s nearly $20 trillion in debt. Without China’s money, the US Treasury will have trouble funding its deficits.
If China wanted to make trouble, it could send US interest rates sharply higher and throw our economy into a tailspin.
“President” Trump, please be nicer to the other countries that we need.
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