“I think it is useful for all of us to take a step back and ask us, what has the globalized economy obtained the United States of America?” Said Vance.
“Basically, it is based on two principles, contracting a huge debt to buy things that other countries do for us … We borrow money from Chinese peasants to buy the things that Chinese peasants make,” he added.
The United States and China are currently engaged in a tariff dispute, after President Donald Trump struck Chinese imports with 34 percent rights, provoking a reciprocal response from Beijing while the world is heading for a total trade war.
Politices
