Is Trump About to Invite In the Biggest Predator in the World? (Thanks to Matte for this one)
See a Chinese factory (in Ohio) in action in American Factory (Netflix documentary produced by the Obamas post-presidency)
Mr. Trump and Xi Jinping are reportedly considering a deal to allow China to invest $1 trillion in the United States, largely to build factories on American soil. It would be an unforced error of world-historic proportions.
As mind-boggling as that prospect might seem, however, it doesn’t come out of nowhere. Other than the steep tariffs he imposed (and then lowered), Mr. Trump’s approach to China has frequently put him at odds with his own administration.
After Mr. Trump reached a “trade truce” with Mr. Xi, he directed Stephen Miller to limit any agency actions that might antagonize China. He made the case for granting 600,000 Chinese student visas. And he pushed to allow China access to advanced A.I. chips — even though his administration’s own A.I. Action Plan states: “Denying our foreign adversaries access to this resource” is “a matter of both geostrategic competition and national security.”
A trillion-dollar infusion of capital would exceed the total direct investment in the United States made by any other country since the Declaration of Independence. Even a fraction of that amount would blow apart what remains of our economic defenses, weakening national security and supply-chain resilience, handing the Chinese Communist Party a powerful tool with which to subvert our market, undermining the basic logic of the president’s own trade agenda and kneecapping our efforts at rebuilding domestic industry. Read the article out find out why.
