Tarriffs

U.S. trade policy needs to be based on what is good for the U.S. economy and U.S. job growth. And Congress needs to recognize that in an ever more globalized world, using trade as a political instrument to fight yesterday's wars is at best self defeating.

The crisis with China is accelerating quickly, and is so severe that economist from all over the political spectrum are calling for the U.S. to take drastic action against China currency manipulation.

Many in China already resent US economic bullying and blame Wall Street for selling them junk loans and infected financial products that have caused vast economic losses.