Trade Myth 2:
China is exporting hundreds of billions of dollars of goods more to the U.S. than the U.S. exports to China. This unfair trade balance, caused by “clueless” U.S. trade negotiators, is killing jobs in the U.S. (Politicians such as Bernie Sanders and Donald Trump make this argument. Trump would impose a high tariff on imports from China and then renegotiate with the Chinese to correct the imbalance.)
Trade Myth 1:
The U.S. has opened itself up to trade from other countries more than any other advanced economy. This is hurting the middle class and factory workers. (Politicians such as Bernie Sanders and Donald Trump frequently make this claim.)
Connectography: Mapping the Future of Global Civilization by Parag Khanna
467 pages, Random House (2016)
[This review will be published in Global Trade & Customs Journal, September 2016]
