Eric Chiou, Nov. 15, 2017 in Taipei Times
In the world of fierce competition among nations, an open and free global trade system is not self-evident, but hinges on steadfast support from some great powers that benefit from it.
Hence, no country should naively believe that nations have a sacred obligation to shoulder the responsibility of global economic growth by sacrificing their national interests and enduring aggravating trade deficits that hollow out their economic foundation and national capabilities.
Thankfully, US President Donald Trump’s administration has bravely hit the nail on the head and confronted this challenge, at least verbally.
Despite the fact that Trump’s protectionist tone has been heavily criticized by liberal economists and foreign leaders, it is irrefutable that the US’ comprehensive economic power might soon be surpassed by China’s economic clout, if the present trend of global economic imbalance continues.
Unfortunately, that is not only bad for the US, but also an undesirable consequence for the free world. Full Text in Taipei Times (Link)