US-China Trade in Three Sentences

Quick excerpt from Frontline’s Is Wal-Mart Good for America?

The myth of an enormous and growing China market wound up locking the United States into a trading partnership with China that had to benefit China much more than it could benefit us. And the reason was China would always be able to sell the United States much more goods than Americans could sell to Chinese because Americans had the incomes that are needed to buy Chinese products. Chinese consumers overwhelmingly don’t have the incomes needed to buy American products.

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