GOP presidential hopefuls recently switched targets from illegal aliens that steal American jobs to China. Gov. Scott Walker recently urged president Barack Obama to cancel the September visit of the Chinese President Xi Jinping and focus more on what is good to the U.S. economy.
Republicans are upset that China’s currency manipulations, stock market plunges, cyberattacks, and illegal territorial claims in East China Sea among others are dragging the U.S. economy down.
On Monday, Donald Trump tweeted that China would bring us down in a very “messy” way.
The visit of the Chinese president would be his first to the U.S. Xi Jinping is expected to arrive in Washington next month in an official visit designed to solve some of the issues that affected the U.S.
But Gov. Walker believes that such visit is unnecessary since Beijing ignored all too often requests of refraining from activities that harm America’s interests such as cyber spying, grossly manipulating its currency, and persecuting Christians.
President Obama is expected to try and negotiate some thorny issues with the Chinese president next month including South China Sea military drills, hackers, and off-the-charts fluctuations of the country’s currency, which could prove disastrous to exports.
Hillary Clinton also criticized China over its practices of trying to hack its way into America. On Monday, Gov. Chris Christie blamed China for the U.S. federal debt and said that a “correction” of the Chinese markets would have an unprecedented impact on the U.S. economy.
So far, China holds the largest share of the U.S. government debt, but because the country is still engaged in large purchases, interest rates that tax payers have to pay to repay the debt are kept to a minimum.
“Americans are struggling to cope with the fall in today’s markets driven in part by China’s slowing economy and the fact that they actively manipulate their economy,”
noted Gov Walker on Monday, when the Dow Jones index plunged by more than 1,000 points in early hours.
Gov Walker also stated that President Obama should cancel the official visit and hold China accountable over all the activities that undermined U.S. interests.
Yet, doing so may be trickier than thought. China and America are incredibly tied to one another since U.S. companies made fortunes on China’s emerging markets. Even Gov. Walker has a trade mission slated for January, 2016, while Donald Trump admitted that he couldn’t possibly hate Chinese customers since he recently sold a mansion to one of those customers for $15 million.
Image Source: Wikimedia
Latest posts by Nathan Fortin (see all)
- The End of Life Option Act Already Used by 111 People - Jun 28, 2017
- Senate Decided to Kill Rule that Promotes Retirement Plans - Apr 1, 2017
- BlackRock Is Turning to Robots for Improved Stocks - Mar 30, 2017